Intova is making a lovely little LED light. It's very bright and still illuminates a fair area. It has a magnetic on-off switch, and can be bought for well under $100 (less if you can find a sale). I dove with a friend who has one, and I was impressed with the little light. If all you want is a hand-held light, bright enough to use at night and small enough to be comfortable to handle and inexpensive, it's a great light.
Yes, the Intova is a very nice little light, with a few caveats...
I purchased two Intova Novas (narrow) for backup lights for cave diving.
On one the switch assembly fell out on the first dive. Intova was very good about sending a replacement switch.
I checked the other one and the switch assembly was extremely loose and could be easily be plucked out with a fingernail. On Intova's recommendation I glued it in place.
Still, I liked the little Nova so much I purchased a Nova Wide for night reef dives. The switch assembly is much tighter, but I could still pluck it out so I will glue it in place as well.
Amazing how different the beams are between the Nova and Nova Wide. The Nova (narrow) has a very similar beam to the Oxycheq Raider I with a nice bright hot spot. As far as comparing them with a 10W HID (Dive Rite Sunspot), while not as bright, there was absolutely no trouble signalling against the 10W HID.
The Nova wide has absolutely no hot spot. Almost completely uniform. I look forward to trying it out on a night dive.
These are available at Buy.com for about $30 narrow and $40 wide with free shipping. I definitely recommend them, but glue the switch assembly in place.
Bob