I rarely use canister lights any more. I think we are 1 generation away from truly effective handheld LED primaries; where canister lights will be necessary only for expedition-grade, ultra long duration, caving.
I've been experimenting with a relatively cheap LED recently. It has a tight focused beam, but also spreads to a nice flat, wide beam for use with GoPro. Burn time is 2 hours - sufficient for most of the wreck penetrations I do. It's rechargeable, but you can also swap out the (surefire) battery for subsequent dives. I take 3x batteries on the boat; one for each dive and a spare. The beam is more than powerful enough for wrecks and signalling....I find that the bigger canister lights are too powerful for many wreck dives - too much backscatter and blinding. Cave divers, working in roomier areas and clearer viz might appreciate more punch.
Several of the 'tech' manufacturers now offer handheld primaries...Expect to see more and more on the market in the coming 1-5 years.
Andy, are you seeing anything really ground breaking over there that we haven't seen in North America yet? Just asking due to your geographic location.