
I used the first model for a few years and couldn't find fault in it for £5. Wasn't good enough for night walking really but for general around-the-camp use it was great.
Now however I've upgraded to the new model and would agree that the old one is comparatively rubbish. It's a little heavier and bulkier than models from other manufacturers and the battery pack on the back is a bit annoying when most Petzls have them on the front, but light-wise it's almost as good as a Tikka XP. The slightly blue tint of the white LEDs shows that the components are much cheaper than in the Petzyl, but for ~£10, I think it should be a very attractive product when the nearest alternative will set you back about £35.