I wouldn't say "obsession" in my case, but I've got a small collection of flashlights. The advances of LED technology have been fun to watch.
I have a Dorcy "Metal Gear" with 3 AAA batteries that is almost my ideal flashlight.
Dorcy Metal Gear 1 Watt LED Flashlight
The body size and shape, the brightness, spot focus, light quality. . . all just about perfect for use around the house and yard. It has a button on the tail cap, which I like. It has a belt clip. The body has machined flats to keep it from rolling off the table. My only gripe is that I don't like AAAs. My ideal light has to be AA-powered.
My new favorite is the Duracell Daylite, seen here:
Hands-on: Duracell's new Daylite LED flashlights | Crave, the gadget blog - CNET
It runs on 2 AA cells and it's VERY BRIGHT. However, I haven't yet tried the new MagLite that he also mentions on that page.
And finally. . . . Something very neat that I stumbled across:
LighterLight - LED Flashlight fits in your cigarette lighter
Seems like a great idea. I ordered a set of them, I'll let you know how they work.