Well for all the advances in LEDs I think they are keeping them all to the white lights.
Just one persons opinion based on what I have
Dinotte 140l
Magicshine Taillight
.
Deal Extreme Red Cree Dropins
.
.
.
Superflash or properly aimed cherry bomb
Cateye 1100, 1000
The outer ring of small leds is interesting but it's like putting a superflash right next to a dinotte. Sure it's there but you can't see it when the bright light is on. The strobe inner bright led a few times then strobe outer mini led(s?) a few times really is like a strobe inner bright led a few times followed by a long pause then strobe inner bright led.
The main light doesn't have as wide of a spread nor is it at any point as bright as the dinotte on high actually I think it almost matched perfectly with the dinotte on medium or low which is what I"ll normally run them at when it gets dark. I think the difference is the dinotte has a really good lens and the magicshine doesn't.
Another comment on the dinotte vs the magicshine here.
http://forums.mtbr.com/showpost.php?p=7072261&postcount=34
So if you are looking for something brighter than a superflash I think it is a good bang for the buck at least after 10 minutes of testing. The flash isn't some vomit inducing super high flash rate that the deal extreme cree dropins have with an ultra narrow beam so that is good.
I won't be getting rid of my wifes dinottes anytime soon though. After all these years it's still the brightest most visible bicycle taillight i've gotten or seen in person but it's getting caught up to although they have a dual led taillight available from dinotte already.
When I get access to a camera I'll take them outside and take some pics from across the yard during the day. I'm going to go on a 40 mile ride with a group now so if we get a nice thunderstorm and the lights go on they'll get a nice wet weather test and I can get some feedback from other riders.