I have a couple LED flashlights ... and the light output in unbelievable. Hardly uses batteries either, once the Huang Guangazou LTD ones are tossed in the trash ...
I can't figure out why they haven't invested in those, rather than push CFL's on the masses. Must've had a stockpile of components they needed to get rid of ...... or ..... the industry donated heavily to the Obama campaign .... hmmmmmmmmmmm .....

Makes absolutely no sense whatsoever.
I also have an LED strip in the barn over my workbench where I do all my carburetor work. It's like having your own personal sun right where you need it. Cost $50 though ...
My first foray into the LED realm was with a Kuryakyn Panacea light system for my Harley. I saw how the low current draw affected the turnsignal flasher, necessitating a resistor to put a load on the system & get the flasher working normally again (thinks a bulbs burned out, so flashes too fast). Sort of a wasted benefit there, as all the energy you just saved is being turned to heat needlessly ... but they look great, & they keep that *censored* in the BMW awake as I approach a stop sign.