It seems like it will be like a pair of Fenixs but I can't really tell in daylight. More later..
Later..
I took it for an hour loop through the woods on my mountain bike along a mix of fire roads and singletrack. I started in twilight, which is always a tough test for a light, but it got fully dark ont he ride which is when the power of the thing became apparent. It doesn't turn night into day, but it does have a useful centre bright area for seeing which way the trail is going and a good halo bright enough to see the detail of what's in front of you. I was quite happy riding steep downhill singletrack at the same speed I would in daylight. I could do this with my old lumicycle plus fenix torch combo, but with some nervousness. The Magicshine makes it as comfortable as riding in daylight. The rubber band mount worked fine and didn't slip. I took in some very muddy bits and deep puddles which sprayed light and battery with a lot of water, but they didn't bat an eyelid. It remains t be seen how they do under a prolonged downpour though.
I rode some lanes on the way back and the light is good on-road too. The low setting is roughly as bright as my Schmidt Edelux and full power is massively brighter. Again, not the night-into-day miracle that is claimed in some of the online reviews, but a 30mph-ish descent down the valley was fine. If anything it's too bright for road use given the spready beam pattern. It comprehensively dazzled the couple of cars I met who just gave up and stopped. I had to dip the Magicshine by twisting it forward on the bars. Imagine a dipped beam pair of car headlights but badly adusted vertically and you're about there, or maybe this thing is a bit brighter. It's not car full beam strength but it's not that far off.
Build quality seems great, they didn't spontaneously combust when I charged the battery and it was 70 ish quid from Deal Extreme. I have no complaints at that price. We'll see how it lasts.