Side note: whatever they may claim, this is definitely not a 7W or 300lm torch. There are (too) many imitation CREE LED flashlights out there; as a rule avoid anything with 'fire' (e.g., Ultrafire) in the name. The closest real thing is an LED LENSER P7.2 which is 320 lumens and $65. It will, however, actually be 350 lumens and the optics will produce a smooth circle of light.
Of course, this doesn't matter if you're happy with what you've got.