Yes, it's your father's Oldsmobile, AAA-size
I think this light is a dud. Here's why:
Overpowered. An AAA light is a near-field task light. It's not an expedition light, it's for taking out the trash, finding something under your car seat, and so on. 125 lumens is overkill for that kind of use. This light is designed to win a pissing contest. As for the lower level, you can get a 15-lumen light anywhere; six E01s for the price of one Surefire.
Won't take an Energizer Lithium primary cell. Dealbreaker! I like to give AAA lights as gifts, and I put the Energizers in them. This light won't accommodate the best primary cell available? That's a fatal flaw, not a design choice.
Cool white tint. This is where Surefire could have been bold! Introduce a neutral/warm light to its fans. But no, back to the pissing contest, where the best lumens are the most lumens.
It's black! Like a Model T Ford. The least imaginative color. It's a key-ring light, how about a little eye candy? Bright blue, bright red, emerald green! Stainless steel! Anything but another black flashlight, please.
Durability? Reliability? Remains to be seen. Will it be more reliable than an E01?
I am not put off by the price. I'll put up $69 for the first Zebralight AAA flashlight in a neutral tint. But the Titan offers nothing I need. I have to imagine there's a large base of Surefire who'll buy anything the company puts out; obviously, this thing is very popular, but if its name wasn't Surefire, it would be judged a dud.