A 3.7 yes but these cells charge up to 3.7 but only discharge 3 volt.I thought Malkoff advised against using a rechargeable battery in their MDC 123 flashlights.
100% agree! Years ago, I always had issues finding bulk CR123s and had to buy singles from camera shops for crazy prices. Like $6-8 for each cell. Now, there are at least a dozen places near me selling 12 pack Surefire and Streamight CR123s. Grabbed a Surefire 12 pack a week ago for $18 from a shop near me.I don't think 123A cells are going anywhere soon, like in the next 30 years easy. If anything they are becoming more common.