Here's what I was talking about in terms of fun form factors that were previously unattainable before Cree (at least with this much performance). This is a review for a headlamp that I wrote on another site back in the end of 2007 when I had owned the light a few months. It may be slightly dated (references to cost may have changed) but I am more trying to show why I think the Cree revolution has been so exciting.
I originally got this Zebra light as a 'niche' light that I thought I would only occasionally use. Since the first one though, I have purchased a couple more because I use them constantly. Having even-spread hands free light is great when I'm working on something, reading, or doing similar activities. I love these little guys and have been running them for almost two years now (as long as they've been on the market)
Anyway, I am sharing this more as a peek at form factor possibilities than the light itself: hopefully you find it somewhat interesting.
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The Zebralight H50 is a hands-free light, primarily designed to be a headlamp. It runs off of a single AA battery of any type (Alkaline, NiMH, Lithium, Li-ion) although functionality is somewhat limited when using Li-ion (brightness modes are altered, as detailed on official site). Reverse polarity protection is included, and the circuitry also prevents over-discharge of NiMH's. The H50 utilizes a Cree LED emitter in either P4 or Q5 bin, and offers the user three brightness settings. It is a tiny light that is practically weightless and serves as a great tasklight given its beam profile of pure flood.

H50 as compared in size to a standard AA NiMH.
Zebralight is a new company, the H50 being its first offering to the market. This light was designed with some input from the CPF community and has been very well received. The two things that immediately separate it from the majority of headlamps on the market are its Cree emitter, offering amazing runtimes on a single AA, and its unfocused beam. The emitter in the H50 sits behind a small Lexan lens which smoothes out some of the artifacts inherent in the raw beam profile and protects the emitter, but still allows the light to spill out at an amazing spread of 120 degrees. Some users have complained that this is actually too much flood, but I find it to be fantastic for any close range tasks, whether I am reading, working with my hands, or navigating at a walking pace. The flood does have a shorter range, of course, and so some users who anticipated using it as a trail running light were disappointed in the inability to see obstacles at further distances.

Beam profile of a standard keychain squeeze light as compared to H50 on low, med, and hi.
This is not to say that the H50 can only be used at arm's length: it will easily illuminate a campsite. Working with a hands-free light that evenly illuminates a wide area is a true pleasure, and a change of pace from most lights. While I generally like a tight hotspot surrounded by a dimmer flood on my lights, such a profile is a bit annoying for close use where the hotspot serves to blow out your night vision adaptation and then make the areas in the flood harder to see. Not only is the H50 profile easier on the eyes at close range, but this light goes quite low in brightness, allowing you to perform tasks while keeping your eyes dark adapted. Manufacturer's testing with a Sanyo 2700 NiMH shows the following lumens/runtime results:
P4
Low = 2 lumens for 3.5 Days
Med = 10 lumens for 19 Hours
Hi = 50 lumens for 2h 20m
Q5
Low = 2.6 lumens for 3.5 Days
Med = 13 lumens for 19 Hours
Hi = 66 lumens for 2h 20m
Users have reported real world runtimes on Sanyo Eneloops of between 1hr 30m and 1hr 40m, suggesting that the manufacturer's advertised runtimes are accurate, if not conservative, given that Eneloops are only 2000 mAh rather than the 2700 mAh used in the above figures. The manufacturer also claims to be providing out-the-front lumen measurements rather than emitter lumens. From watching this product from the design to the sale phase, I get the impression of honesty and transparency from Zebralight.

Included accessories
With the light comes a handful of accessories. For standard headlamp wear is an adjustable elastic headband with a glow-in-the-dark silicone bracket on the front. The H50 slides in and out of this bracket so that the light is not permanently affixed as a headlamp, and can rotate up and down within it, allowing the user to aim the light. Two extra GITD brackets are included, one on a neck lanyard, and one "spare" which can replace either of the brackets or instead be mounted on your gear with webbing or cord. Also included is a glare shield, which was designed to trim the beam profile slightly for those who wear glasses, two spare o-rings for the double sealed tailcap, and a small black silicone bracket which holds a wire clip, allowing the H50 to also easily clip just about anywhere like a pocket or belt. All the accessories are well executed, allowing many hands-free carry options even if the user does not want to use the H50 as a headlamp.
The H50 is extremely light: advertised combined weight for the H50, alkaline battery, silicone bracket, and elastic headband is 58 grams (2.05 ounces). I unfortunately do not have a scale small enough to give all the weights, but given that an alkaline is around 24.4 gm (per http://data.energizer.com/) that would suggest the H50, bracket, and headband weigh in at only 33.6 gm combined. Also from Energizer's data, I see that a AA 2500 NiMH is around 30 gm and a AA lithium is 14.5 gm. My choice to load it with a NiMH means I have the heaviest possible configuration, but it is still only around 63.6 gm (2.24 oz). This light weight, combined with the comfort of the elastic headband and soft silicone bracket prevents any discomfort when worn on the head. The small form factor and light weight make this one of the lightest headlamps on the market that uses a "standard" battery, but it is of course beaten by coin cell lights such as the Petzl e+Lite.
The GITD brackets take a glow very easily and retain it for a long time, easily out-doing consumer glow products like those stick-on-the-wall stars, for example. The silicone brackets and pocket clip are soft, but feel durable. I have owned the H50 for almost two months and have so far seen no reason to worry about their durability. I get most use out of the clip which can be slid on the light in an emitter-up or emitter-down configuration, and allows the light to rotate.

Various methods of clip carry.

Threads and double o-ring seal
The H50 is 6061 aluminum with a HAIII coating. Its one point of entry, the tailcap, which acts as the switch and the feed point for a battery, is sealed with two o-rings, making the H50 waterproof. The threads came impressively smooth and clean with no sloppiness. To switch the light on, simply tighten the tailcap with a twist, which will start it in low mode. Switching modes is accomplished with another off-on twist and once the user hits high mode, another cycle takes it back to low. Leaving the light off for 5.6 seconds allows it to also reset so that it will come on in low again.
The UI is very easy and having a task light that comes on at such a low level is really great. This low level is perfect when your vision is night adapted and I find that I can use it for reading even why my eyes are adapted to indoor light levels (although I am young enough to still have good vision). The 66 lumens that pump out of this single AA are impressive and really make any task easy to see, but it's not blinding as if you were using a traditional flashlight of similar overall brightness. Again, I can't say enough good things about this beam profile when carrying out everyday tasks.
The wide beam profile does come at the cost of more easily shining it in people's faces. This can be avoided by rotating the light in its bracket (especially when utilizing the glare shield) or simply using it on your belt instead of your head. Even though the diffuse light pattern is easier to flash someone with, it's not as offensive as a focused beam.
While I would say that the beam pattern of this light makes it somewhat of a niche product, I actually find it to meet most of my personal lighting needs better than my traditional flashlights. Zebralight will soon offer more models in different battery configurations. Their next model will also have a lens that is slightly more recessed and feature a beam profile that is more narrow while still lacking any hotspot.
I know that in recent threads, members here have discussed keeping a headlamp in med/blowout kits for hands-free lighting. It is my opinion that this light is perfect for such a kit due to its small size, light weight, use of common batteries, long runtimes, and waterproof ruggedness. While I purchased the Q5 version as I love to have the "best," I plan to order at least one of the cheaper P4 versions to permanently live in a car kit. The difference in brightness will not be that noticeable (especially at the low and medium settings which will see most use) but the cost savings will be appreciated ($40 for the P4, $50 for the Q5).
More pictures are available at the manufacturer's site: http://www.zebralight.com
These lights are manufactured in China but can be purchased through domestic retailer http://www.4sevens.com
As always, I have no affiliation with this product, and I paid full retail value for it. I am extremely pleased with it and feel it was money well spent. I waited two months to write anything as I wanted to make sure I wasn't still in the "honeymoon" phase of a new toy.
And just a few other pictures:

Glare shield

GITD brackets.
Since traditional beamshots aren't that useful for a pure floodlight, here are some comparison shots of "real world" illumination. In the first frame, I am using a Fenix L1P held next to my head. In the other frames, I am using the H50 at its three brightness levels.
All shots used the same settings:
18mm @ ISO 200, daylight WB, f/3.5, shutter 1 second
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