I was musing about a similar speced light 1.5 weeks ago. After much research I bought the Shiningbean S-Mini (XP-G R5 version) (
http://www.shiningbeam.com/servlet/the-152/ShiningBeam-S-dsh-mini-XP-dsh-G-R5/Detail). At the moment I am writing proper review about this light (mainly a comparison to the much more common Hope Vision 1) because I believe it is an interesting light for the good people of yacf. Just the basics, it's a Fenix (LD20) like flashlight, you can get it only from the guy who designed the light in the USA and it cost me incl. delivery £27.40 (had to pay no duties). Took about a week from New York. The seller/'designer' and the light get very good reviews on the net and so far I am very happy with the purchase.
Out of the three modes of the S-Mini, medium is the most useful for cycling. Low is maybe useful in a tent for reading and high only seemed slightly brighter than medium, at the cost of battery life. 2h on medium are easily possible.
For the all important size comparison I used a standardised supermarket kiwi.
Light output is roughly on par with the Hope. No night photos, yet, but here's another one, the S-Mini mounted on a helmet.
Other quick thoughts:
- no blinky mode
- seller's in the USA
- 18650 batteries
+ light - not noticeable on the helmet
+ also accepts CR123A batteries, a bit more common on the streets (used in cameras)
+ IPX-8 waterproofing - a quick google search suggest that it should withstand continuous immersion in water. Not made for diving, though.
+ good vale for money