I have bought three Fenix lights in the last couple of weeks:
PD35 v2.0 Black
PD35R
PD35 v2.0 Camouflage
The first two had a plain non-adjustable lanyard. The camouflage PD35 however has a much better lanyard which is adjustable:
There is no mention of this difference anywhere on the Fenix website. Their images of the included parts just show the plain lanyard that came with the other two lights.