Hey Ben,
I think that it would be possible, but not without some conditioning circuitry and a battery between the hub and the light. The basic idea would be to have a "throttling" battery charger that takes the input from the hub and creates a regulated output for "charging the battery," which would simultaneously be used to drive the light and keep the battery topped off.
I believe you could use the B&M eWerk to charge a standing battery while using the lights.
The eWerk is a very cool little device. Essentially, you would be continuously charging a 7.4V li-ion (2-cell) battery while simultaneously operating the light. You would want to be a little judicious about the power and mode settings, but I think you could pretty much operate indefinitely with a setup like this. Freezing weather, being the one exception. You wouldn't want to be charging the battery below freezing. I would caveat this with the fact that I think it would be wise to start with a fully charged 7.4V li-ion pack, so that you're never "forcing" too much current into the battery. The battery really would just be acting like a large capacitor. So, in that since, you wouldn't need a pack with a lot of capacity.
You would set the output of the eWerk to 8.4V at 1.5 amps and you would have to use a Y-cable on the battery, with one leg plugged into the eWerk, and the other leg plugged into the light. It would be just a bit of custom cabling, but I think very doable. I haven't had anyone try this yet, so I'd be very interested to see how it works. I can't say with 100% certainty how well it would work, and it would be quite an expensive experiment, but I could certainly support you with the cabling that you'd need.
Just a thought...