I've got one on my xmas list too. I got the previous version for a pressie last xmas, that one resides in my saddle bag. I want the other one for other backup uses (like travelling and as a general spare)
Its not massively bright so you could ride with it, but for close up tasks and general camp duties (setting up, breaking down, cooking, chores) its fine. Once you're out in the open your eyes are night adjusted anyway so you don't want anything massively bright, in fact you really want a red light so your eyes remained night adjusted, the e+lite has this.
The new one is smaller, the old one has an elastic strap so it packs bigger (and comes in a little case), but it has a whistle on the strap so is good for keeping for emergencies)