So.. by now many of you have seen the bright and pocket book friendly Yaeger Bomb v1.0 utilizing a Xenon MR16 Bulb and a 16.8v@10A battery supply. Producing a total of 800-1100 Lumens. I've recently received the LEDs required to start on version 2.0.

DIY
Yaeger Bomb v1.0
Bulb: 50W 12V MR16 Xenon
Battery 16.8V 10A Nimh
Battery Life: 1hr 30min
Lumens: 800-1100
Color Temp: 3200K
Cost to make: ~$200
-Batteries: ~$100
-Bulb: ~$5
-Circuitry: ~$50
-Light head: ~$25
-Battery Container: ~$20

Yaeger Bomb v2.0
Bulb: 3 SSC-P7 LEDs 900 lumens each
Battery: 16.8V 10A Nimh
Battery Life: Not calculated yet
Lumens: 2700
Color Temp: 6500K
Cost to make: ~$245
-Batteries: ~$100
-Bulb: ~$45
-Circuitry: ~$50
-Light head: ~$30
-Battery Container: ~$20

Preliminary testing is showing that v2.0 operates at extremely low power and at 1/3 of it's maximum power it is brighter than the Yaeger Bomb v1.0.

So far I've been able to get it up to 1/2 the maximum power which is very bright. But I have to go get some higher power components to get it to run at full power.