well, i tried the 40mw last night, and while it was very bright, it certainly wasnt much different to good 20mw i have seen. i could see the beam from all angles, although the laser itself is very, very bright ... i feel like a Jedi every time i switch the damn thing on!! and while i didnt look at the beam, even staring at the reflection of it on a wall left my sight with 'purple blotch syndrome' for an hour or so.
As to wether i get rid of it or not for something less sci-fi ...
i did go around everyone in the house last night and gave them strict instructions never to touch it etc.