In reply to Kean:
>So great for close-up work, not great for yomping up mountains at stupid-o'-clock!
As always, it depends.
If I'm in a group, I'll have it on low, as there is a lot of light pollution from the others. You can see any big holes and its enough to avoid tripping over, but it saves power. When running on my own I'll have it on medium, as I can see 10m ahead which is plenty. I only ever use full power, if I need to find a style across a field. Mountain bikers need to see further ahead, so tend to go for more power.
I know people who have a cheapo high power led, focusable torch, as their second light. They use that for long distance style finding, and save batteries on their head torch.
But dont forget the psychological boost you get by turning the light up full, if your tired. Its also good for the comedy Scooby Doo effect. Where you shine your torch on a hill side, and see lots of green eyes reflecting back at you, from the sheep.