Originally posted by: DVK916
The reason I want LED is because I hear they use way less power than CFL.
That's because they're nowhere near as bright.
In terms of efficiency (light output per Watt of electricity), the latest prototype LED bulbs are getting close CFLs, but they're not yet a match, and definitely no better. When compared to high quality fluroescent strip lights - they are very much worse.
The LED bulbs you can buy right now are a lot less efficient than CFLs. But they partially make up for this by having a more focused light output. The other problem is that white LEDs haven't really been designed for good color. The color rendering of current white LEDs is poor, even compared to relatively cheap CFLs - and the color temperature is very high (they produce a very blue light, which isn't really suited for a home environment). (Although this is something that the next generation of white LEDs is supposed to remedy).