From what I've seen. The difference is... the lite version:
1. is less bulky
2. has 1 control button instead of the 3
3. has a button control is to either allow air flow in the toy, or to seal it off creating suction. I think the regular buttons on the original flip hole simply creates pressure.
4. less expensive
5. still has a black & white versions, but the texture looks a lil different from the regular flip holes
6. opens along the side instead of on the end
But seriously.. I'd love to see the Lit show up in Eden Fantasy. They could put together a nice promotion kit...
Tenga Flip Hole Lite + Lube + that electric (plug in) tenga hole warmer
Who could say no to that?