I got my Magicshine 2 days ago after an 8 day wait. Not bad considering some poeple have to wait upto 5 weeks.
I went for the bar mount version with the UK charger from Deal Extreme which works out at about £50 depending on the exchange rate my credit card company uses.
This light is quite impressive in the flesh. It was smaller than I expected and slightly better quality. The finish isn't perfect, especially around the silver bezel but it isn't too bad either. Before sticking it on charge I opened it up to check for swarf and use of thermal compound. My light was swarf free inside and I could see thermal compound had been used.
I unscrewed the small bolt holding the lamp to the mount bracket and was a little dissappointed to see the screw was very short with only 2 or 3 threads holding it on. I must remind myself to get a slightly longer screw.
With everything assembled and charged, I stuck it on the bike. The mount works very well and feels solid. I fitted the battery pack to the stem using the velcro battery bag. The cables are fairly long for a stem mount but wrapping the cable round the handle bars 3 times tidied everything up nicely.
Watch out for the light flashing on in full power when you plug it on. It's very bright.
In use, the beam from this is very nice with a good hot spot with impressive throw and a reasonable flood to illuminate your peripheral vision.
I think the light is better suited for off road use as the spill is bright and could dazzle oncoming cars. To prevent this the choice is to either point the light low or cover the top half of the optic. I am going to stick a reflective semicircle to the top of the optic as I bought this for commuting.
Positives
Nicely packaged
Overall good quality
Very bright (compared to my 240 lumen ultrafire wf-606a)
Good beam pattern for singletrack
Simple effective mount system
Reasonable battery life
Charger and battery included
Comparetively inexpensive
Usable Hi Mid Low modes
Negatives
Bracket connecting screw a little short
Runs a little hot especially when not moving
Beam pattern not so good for commuting
Flash modes are rubbish - Should have had a slower strobe and no SOS IMHO
Battery indicator light stays permenantly on when connected to battery
Battery pack could do with better waterproofing - I will be using self amalgamating tape to seal
If this light lasts me for a few years then it would be amazing value for money given the light output. For 50 bangers it's worth a punt.