I found a GAME brand pool light at my local pool store, it was a tad higher than what I think it should cost ($29.00), however I did buy it and it does put off a good amount of light. It has a magnet in the body for steel sided pools and a piece of powder coated steel for soft sided pools, the on/off Hi/Low remote does not appear to send the signal through more than 2' of water so I just turn it on and lower it into my pool.
I will get some pictures of it tonight lite up, it operates off 3 AA batteries, and I will see how long it will live for. Oh yes its is only a white lite, no colors off the LED's
Here is a link to the MFG
Thanks and have a great labor day!!!