I still haven't figured out how long they really last.
Put it on in a bucket of water and see how long it lasts.
---------- Post added August 11th, 2014 at 09:30 AM ----------
I just had a chance to play with the Archon lights and picked up a D11v (860 lumens, 110 deg beam) for 270 yuan, including a 18650 li-on rechargeable battery and charger (~$44 USD). Feels very solid, much better than I'd expect from a Chinese product and much better than a similar priced iTorch (Canadian, 180 lumens, 80 degrees beam, same price).
Has dual o-rings, plus an extra set of spares and a tube of silicon grease.
Where did you get it from?