McDuff, there are a lot of GOOD solutions to choose from so you're going to have decide which one fits your needs and your budget.
From Surefire -
The L4 5 watt LED that C4iGrant mentioned above is a great light and over a longer term would pay for itself due to the long life LED. For an every day carry (EDC) the L4 really would be a good choice. The fact that the LED's are able to use batteries in a more efficient way means that after an hours use (approx.) you won't be left in the dark like with other lights/lamps. General market price range is approx. $135 +/-.
There are couple of negatives that should be mentioned with the L4: a.) The L4 is still not capable of matching the longer range illumination of standard lamps such as the P60 & P61 lamps of Surefire 2 cell lights. b.) The L4 shouldn't be considered for weapons mounted use.
Next on my list of EDC lights, any of the SF E2E Executive Elites. The E2e's are excellent for EDC due to their smaller, more lightweight design and pocket clip. [i](BTW, the L4 is built of an E2 body.)[/i] The E2e's offer 60 lumens and a runtime of approx. 75 min. The E2e's do not have the option of a higher output lamp. With the E2's you do have the option of adding either a 1 watt Luxeon LED head (KL1) or adding the 5 watt LED head (KL4) head. The E2's shouldn't be considered for weapons mounted use. General market price range depending upon model is approx. $65 & up.
Next would be the full size 2 cell SF lights, in this area you have several to choose from. For general use the C2 Centurion, 6P or G2 Nitrolon will cover most needs. For a combat light design, the C2, G2Z, Z2 & the M2 will cover that field.
Considering what your intended use is, I'd probably be looking at the 6P, C2 or G2. I won't go into the details on all these but if you'll jump over to SF's site you'll get an indepth overview of all the lights. What the full size lights have in common is a broad assortment of interchangeable parts & configurations. Also, the 6P & G2 can easily be enhanced for mounting on an AR-15.
For the 6P, general market price range is approx. $65.
For the C2, general market price range is approx. $70 for the black & $80+ for the HA.
The G2 Nitrolon is considered their entry level light but offers all the performance comparable SF P60/P61 based lights. Approx. price is $30. (Concerning the non-lockout tailcap, a simple $10 holster can help prevent accidental activation.)
Surefire - [url]http://www.san.surefire.com/cgi-bin/main.pl?pgm=co_disp&func=displ&sesent=0,0&strfnbr=6&pgname=high_performance[/url]
I gotta head out for a bit but later I'll try to fill you in on some of the lights from Streamlight that would be good choices and are lower in cost.