When I think of iconic outdoor products from my youth, a few items come to mind immediately... Coleman lanterns and stoves, the Buck folding 110 knife, Stanley Thermoses, and the Maglite flashlight.
200 lumens of clear; focused light w/ good spill; Runs over 6 hours on AAA alkaline batteries; Defaults to "high" mode; but has "low" and "strobe; Nearly indestructible; IPX4 water resistance; Maglite limited lifetime warranty; Single function tail cap switch; Will run on NIMH rechargeable...
Realistically; no real "Cons" come to mind...