Just recieved my PD35. Sweet light. Roughly the same size as the PD32 UE. A bit brighter. A bit longer run time. The LED is more to the cool side, where the PD32UE is quite a bit warmer, so the PD35 "feels" brighter.
Overall, I'd rate it a better all around light than the PD32UE (which I love)
Definitely a keeper.