I've been following the various discussions about how LED low-energy lamps are steadily improving. Bought a couple of GU10 replacements from B&Q recently and was very disappointed - a cold blueish light with a poor colour spectrum.
I recently grabbed one of these from fleabay:
Counted the LEDs - yes, 108. Smaller than it looks in the pics. The 'bulb' is octagonal, presumably to evenly distribute the direct light emitted by the LEDs. There are 12 LEDs on the end to provide downward as well as sideways light.
Seems well made, though I haven't opened it. Not expecting wonders, some of these Chinese-made things are real horrors. There is a dodgy- looking CE sticker (I don't believe for one second that it's been tested) and no other markings or approval/safety stickers. Doubt I would use those unattended in the house until quality branded and safety tested ones come on the market, but would be OK with it in an enclosed outdoor fitting where it wouldn't do any damage if it decided to self- combust.
Draws 25mA at 240V, so about 6.5W as opposed to the claimed 5W at
200-220V. The ebay ad doesn't make a claim for incandescent equivalent, but after testing it I'd guess at 40W.The light is a very cold white with a slight blue tinge, but not as bad as some I have seen. The LEDs are uncomfortably bright to look at directly. Don't have much of a feel for colour spectrum yet but don't think it is good.
I wouldn't use these where they could be seen by the naked eye, but could see them working well in shades, particularly frosted glass shades which would diffuse the light.
On a related topic, CFLs are also improving. Bought half a dozen 7W twisted-candle CFLs from Tesco for 20p each recently and they are excellent. These are the first CFLs I've used that I would be happy to fit around the house. I've lightly sprayed a couple with red enamel paint to replace fireglow bulbs and they look good.
That said, I don't think CFLs are a universal panacea. There are occasions when you just want the warm glow of an incandescent. My contribution to energy saving is to turn lights off when I don't need them. Simple, eh? :)