I'm thinking Mg lights will have to start in the realm of expensive lights like Muyshondt. If they were popular, we might see them sometimes as we do Ti lights, but I don't really expect it. I don't even really see any fuss being made over the choice of aluminum alloys for lights. I didn't get my D25C Ti because I need titanium, but because titanium is cool. But maybe that's the point, here, too. A magnesium light would be pretty cool.

P.S. Doubles as a road flare in case of emergency. Just put your battery into thermal runaway and the light goes too!