I like both the Photons and the Fenix, but if you order the Fenix from certain places they will include a Photon copy (Fauxton) with your order! Def
The Fauxtons that Lighthound ships out for free (I think it's on orders over $30) are decent enough, but the poor 5mm LED is *horribly* overdriven, it's a Nichia CS clone, and not as durable as the CS, it's decent enough, but the Fauxton won't keep that great brightness for long, as it's burning itself up
I may be tempted to drop a bundle on the new 4-LED Photon light coming out soon, it will add some serious brightness to my keychain.