Ignoring the couple doom sayers, you guys have given me some interesting ideas.
I could work with the blue laser idea - perhaps building my own from a blu-ray burner diode. I've seen that done several times with good results, and it actually might match my project fairly well as I can customize the location and circuitry of the electronics to the project, then stick it in a flashlight host later on.
Are Blu Ray diodes fairly universal, or do they have specific mw ratings depending on the one you get? I know the real power rating comes from the driver, but I don't want to burn out a diode or anything. I presume the diode needs to be specifically a blu ray burner, not just a blu ray diode.
After a bit of a search, I found
this blog, where a guy used a DVD burner and some electrical components to wire up and laser. It's not blu ray and I didn't see much on the mw rating expected from this setup, but if it's significantly cheaper to build the driver myself with a blu ray diode, I'm all for it. I'm no stranger to electrical wiring and soldering.