Overlord,
Yea, I hear ya. I have noticed, and I'm sure you have that the switch itself is loose and there is venting there. Also, I believe the way the switch is made, like I said before, that vapor drops off before you can fully discharge your bats. Like a 3.7volt battery...fully charged off the charger is 4.2 volts. Around 3.4ish your barely getting any vapor if any. So Its pretty hard to fully discharge the bat. you get no vapor before its fully discharged because of the power ya need to run switch/atty. So I wouldnt worry about it, just be cautious always.
You could invest in some ultrafire/trustfire protected batterys also, if its that much of a worry for ya. Maybe Steve will jump in here....im sure he can put your mind to rest =)
-Tim