dwkennedy,
60 watts? That was a seriously wild guess, and way off. The lamp is more like 8 watts. You may be confusing 60 lumens with 60 watts. The standard 2 cell Surefire with standard P60 lamp, a comparible unit to the TACMIII is 60 lumens. I just measured the current draw on a G2 Nitrilon with slightly used batteries and it was about 1.18 amps. 2 batteries is 6 volts, that makes the lamp about 7+ watts, a little more with fresh batteries.
Sorry to hear about the trouble with the pressure switch though, if I recall correctly that was a design problem with the earlier units and was supposed to be redesigned with the current units.
I also have a couple of TACMIII lights, but I am only using one with an old style tail cap which doesn't even have the button, the whole cap must be pressed or twisted. I also have not shot with it yet. I got them a long time ago as kind of a promo when I was a dealer. I have the pressure switch but have not used it either. I'll get to try it out in a couple weeks and will post if I also have troubles.
Keep in mind that just because the switch guts it is marked for .3 amps, it can take far more current, just not on a long term basis which the pressure pad was not designed for. It's a matter of the wire and contact heating up as the circuit is closed. For temporary use, .3 amp rating might be enough, though I don't know for how long. I doubt the Surefire switch is rated for a whole lot more itself (as in more than 1 amp, though I don't know), though I would always buy a Surefire over the TACMIII given the opportunity - Surefire has far more experience and R&D into what is required for weapons lights, and they build the best of what's out there. I'm confident the SF units are far more durable.