I bought one of those toy LEDs recently, the kind that people put on their keychains. Its single LED is very bright. In high mode it's actually brighter than my Tikka. It is so small it would be easy to lose. The two coin sized lithium batteries are rated to last
But I can't help but think that there are better options for ultralight lighting. The Petzl e-lite looks somewhat promising but got poor reviews on BPL (very short period of brightness). I looked at some of the single AA lights but they were all considerably heavier.
Do any of you ever go bushwalking with an LED that is powered by coin lithium batteries?