At that price, the L-308S is still a heck of a meter for the money. This new meter lets you choose between full- 1/2-, and 1/3-stop shutter-speed increments, and boasts a full range of f-stops also selectable in full, 1/2, and 1/3 stops. It measures incident or reflected light for both flash and ambient sources, and covers from EV 0 to EV 19.9 in ambient mode, and f/1.4-90 in flash mode. Plus, it's powered by just one AA battery. (MAC Group; www.sekonic.com; 914-347-3300).