Dsoto87, thanks for the feedback. I think I know where you're coming from. I'm not familiar enough with all the technical details of these flashlights but I do know that the Fenix absolutely blows all my other budget XM-Ls away. Not even close. I'm curious how Fenix can get their light to perform so well and all my other XM-Ls look like they're on the freshmen/jv team. With some many lights I'd like to eventually own, I think I'm going to pass on the ET. From what I've seen in photos of beamshots, it appears that it may out-throw the Fenix by a tad, but certainly not enough to justify the considerably higher price tag. Heck, I'd save a few more pennies and get something from Lambdalights for that kind of money.
Thanks for taking the time to give me your opinion on these 2.