Started night riding about 12 years ago using just a 2w and 10w vistalite halogen [£38] the white light of todays LEDs are much better still using the Vistalite but with a small rechargable pack and a 2w cree installed. Cost of upgrade [£25]
So defo overpriced also would take away the reason for night riding.
for that price you can get the Hope 4leds that come with a Lithium battery, the ones on that website come with a NiMH battery which is heavier and can suffer from the old memory effect.
You'd have to be pretty accurate with your faceplant considering the light unit is only a little bigger than a Quarter (10p aprox)
As for the battery materials they've given a pretty good explanation for it on their site - I certainly don't like the idea of a Li-ion battery popping on me Not that I've ever seen it happen... but if they say it it must be true.