I have a similar issue. I don't really see it as a problem, since I only use high for short bursts anyway, but is there an explanation as to why this happens? Doesn't seem to be a heat issue, the light returns to full brightness if you run it on low for a short while. Just would like to satisfy my curiosity...
The stock X3 has thermal regulation that will automatically reduce output when the temp threshold has been reached. Could this be what is happening, or has the stock driver been removed in the vn version?