@mhemling33 - I've run mine for half an hour a few times now, starting with 60W after 1 minute warm up time. No problems so far.
I do see a rather distinct difference between 40W and 60W, although, I can't see myself using either for more than a few minutes at a time, with an actual task.
The UI is annoying, not being able to switch modes repeatedly. It would be fantastic if they made mod switching only dependent on batteries keeping up, and thermal step down.
Agreed on the ergonomics. I really really with they would have made the light a bit bigger, with more mass for heat sinking, and a bigger handle so you can wrap your hand around it. I end up holding mine with my thumb and index finger basically wrapped around the fins and button. Which I guess is good for getting rid of heat.
I think having them both is a bit redundant... personally I think this will most likely be my first, and probably last HID since LEDs are starting to really catch up.
@nueces - I don't really have a need for searchlights, but I definitely agree with you on using multiple lights for different purposes. Still I hope we'll see a true pocket searchlight soon, that's capable of taking care of 95% of the tasks out there.