Those DC - DC converters are amazingly useful, soldering the adj resistors directly onto the pcb results in a very small unit, I replace AAs with 18650s and use these to step the voltage down. I also use them in my RC remotes, which usually have linear regs, burning away half the power.
As for the battery, I was hoping it would be a poor example; I have seen a lot with just a few resistors and that is all, leading to a very dangerous product, however, i am glad it is a good unit, I might buy one for my phone (MB860 is a Motorola Atrix from telstra).