You're right. I suspect 1200 lumens is an exaggeration and that all the lights on the different websites are the same. I suppose he can put any number in his listing as he has a sales final policy. Even at 700 lumens it should be brighter than anything I have now. My current brightest light is the XTAR D01 which is far brighter than the Dorcy and even brighter than a custom mod of the W200 with two 18650 cells. And I really like the continuous brightness adjustment.
If you do decide to order one remember you'll also need to get a charger and at least two batteries. You can also get the charger and batteries at dealextreme.com -- also with free shipping.
Adam
Actually, I own the infamous 'ugly light' (the same '12W Cree 900 Lumens' that Novae is selling, although mine has the SSC-P7) but the light got stuck on the medium setting after I dropped it from about 3 feet high. It's still working - I actually did a 94 mins dive with it last week - but I want a reliable light, so maybe the Manafont/ebay will be the one. Looking forward to your review!