I picked up a 2C ML50L for $25 tonight at our local Home Depot.
It does have a nice spot, but it really doesn't have a flood mode, just a bit larger spot, as shown in several above photos. I'd prefer that it actually had a good flood to go with the nice spot.
I like to the stock UI, though it takes me a while to locate the recessed switch.
The tint is a nice white.
Overall, I like it much better than the old incandescent Mags.
I much prefer the spot through flood beam profiles of my Coast Polysteel 600 (4AA),p which appears to throw about the same, but has a larger hot spot, but the ML50L would make a much better hammer substitute than the Coast.