I am going through the same problems that others have mentioned with these lights.
Light #1: Worked great for about 10 dives. Then, the light head had a small leak. The battery compartment did not flood. There was no way to drain or dry the hear and corrosion has now rendered it useless. The seller (NOvae, a great company) will replace the light.
Light #2: Worked for 40 minutes and then cut out on its first dive. Tried new batteries and worked for 1 hour in the pool and then quit. Batteries are fine. Now it will not turn on at all. The seller will replace this one, too.
Batteries: Very uneven quality. In Light #2, one of the batteries was bad (showed 0 volts and would not take a charge). Seller replaced it with a new set.
I then purchased two sets of spare batteries (4 total). Two of the 4 were bad and are being returned.
Some of the batteries, when Light #1 was working, gave 3 hours of burn time, with gradual dimming. Others gave about 2 hours and cut out suddenly. There seems to be no way to tell if you have "protected" batteries or not.
I will see if my replacement lights and batteries fare any better. I had been using these as primary lights on night dives. When they work, they are absolutely superior and have, for me, a perfect beam. The center spot is bright and good for signalling my buddy, and the outer perifery is very bright as well and very broad. The best combination of characteristics I have seen.
Personally, I wish MagicShine (or whoever manufactures these) would make them with higher-quality electronics and more bulletproof construction. I would happily pay $300 for these lights if that were the case.