I agree strongly with the praise for Milwaukee using high CRI emitters (high”ish”, they’re like 85CRI IIRC, but still way better than all other options in prosumer tool lighting). I have a couple different worklights in the M12 and M18 battery family - I use them all the time in my shop and recommend them highly to anyone that will listen.
I like the assortment of features on that little light (clip, magnet, rotating).
That said, as a single-18650 light the deal-breaker for me is the proprietary battery. 
(although I totally understand why Milwaukee did it and I’m not blaming/upset at them; they are a tool company not a flashlight company)
I’ll just use one of my several modded right-angle 18650 lights (magnet in the base, clip, high-CRI). One big thing (for shop use) that the Milwaukee probably still does better is durability though.
But for non-flashaholics that don’t have a stockpile of hundreds of various flashlights and 18650s on hand, I can see this being a winner.