Check out this LED flashlight. Also uses CREE LED's which are the same as the Procyon 100:

www.LEDwholesalers.com - Dual Head 3 WATT CREE & 5 Ultra Violet LED 3 AAA COMPACT

Check out what CREE did for the Olympics:

CREE | Cree Lights Up Beijing with LED Lighting

LED's will get better and cheaper. LED's are way cooler than old fashioned lights.