Sort-of, although that light does look like its pill makes contact with the body. Or at least the owner copper wrapped it suffiiently enough to touch the bezel area and transfer heat away. The light Richie is asking about is the 3-XML version shown below which has no thermal path. Its just a spring "floating" drop in, suspended in a pocket of air inside the bezel. Same host design on the outside but completely different thermal design.
http://www.easylightbuy.com/szobm-zy1600-3x-cree-xml-t6-5-modes-led-flashlight-torch_p876.html
Heres some pics of the same (poorly designed) light under another brand, post #44 where the lights owner talks about its poor thermal path.
https://budgetlightforum.com/t/-/2821#comment-112576
Conversely, a really good thermal design 3-XML is the Trustfire TR-3T6. Its pill/reflector base threads into the bezel to conduct heat away. A design like this will be able to run the LEDs at a much higher current, with less thermal dimming or risk of over-heating the die surface.
