Well right now it's totally impractical, but if it floated silently, it would be pretty amazing. It could even light the path that you need to follow to help you navigate, and it wouldn't cause you to blind anyone you turned to talk to.
I am inclined to use a headlamp for this almost always.
However, if you are walking with one or two other people, their light depends on the direction of your head. And also on your relatively close proximity to them.