I got this today:
7W CREE Q5 LED Zoomable Dimmer Flashlight Torch Adjustable lamp from ebay
http://www.ebay.com/itm/280823518901?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1439.l2649#ht_2900wt_1398
Mine is branded UltraFire, no model stated.
It's pretty cool. Better feeling than Saik SA-22 or SA-9. Given the choice, I'd choose this one any day of the week.
Smaller hotspot. Die shape is like an XR-E, but no metal ring, so it should be XP-E. If it is, it's my first XP-E. If someone wants, I can take pictures.
3 modes, high, low, fast blink. Current regulated, no flicker on low.
I got it with a 3xAAA holder, no 18650 adapter tube. Works on 18650 without problems, I have spare adapter tubes left over from the SA-9s and SA22s I gave away as gifts so I tested.
Smaller, tighter and brighter beam projection than the already mentioned Saik models and Sipik SK68. I'd say half way between Sipik and and Small Sun ZY-C10-S. Not much of a flooder, though, roughly the same as ZY-C10-S.
All in all, very nice budget flashlight.
Recommended.
Viktor
P.S.
I see the seller has 0 items in his store. I hope that's just temporary. I'm hoping to order more of this for gifts instead of the Saiks.
Edit:
It broke down. I hardly used it, unless to light up stuff under my desk. It mostly stood on my shelf, never fell, was never hit. Today I put 3xAAA rechargeables in it to deplete them before recharging and went to play with it. When I rotated it it started losing contact and switching modes. I took it apart... and wished I never bought it. Hollow pill, almost no contact with the emitter board, thin wires. At one point after I've put it together, it behaved the same, kept flickering and switching modes when I rotated it, and then it suddenly stopped working. Looks like it shut down for good. I don't even want to waste time on it.
Best thing from this flashlight is the spare XP-E emitter and spare 3xAAA holder. It's in the drawer, will probably come out if/when I need the XP-E.
Updated rating: AVOID
Viktor