Powering Arduino from a 12v LiIon Battery

I've been looking for a portable power supply for my Tascam DR-100 for a while now (the DR-100's a fantastic recorder, but its battery life & lack of charging options in the field are ridiculous) and I ran across a 12v 4800mAh rechargeable LiIon battery on eBay and figured for the cost it was worth taking a punt..

After chatting with some of the guys in the Sparkfun IRC channel, I figured I could get a nice stable 5v power supply for the DR-100 using an LM2575, a couple of caps, a diode and a an inductor. Great.

Then it struck me that the Arduino also uses 5v, although obviously I can't go into the barrel jack, because it needs at least 7v. But, presumably I could just put a USB plug on the end of this (after my LM2575 circuit, obviously) and power it via the USB socket as it's a nice regulated 5v supply? Would it also be safe to go straight into the 5v & ground pins on the arduino?

Hi,

Where was the Ebay seller located??

Lately China has stopped allowing Lithium based batteries in Hong Kong Post etc... Bummer!

I'd love to get some of the batteries I see on Ebay...

Fortunately for me, this particular one was already in the UK. But I did see a couple of others listed (larger capacities than this, one was 9800mAh) from Chinese sellers too.