It's already being implemented or being designed. It's very expensive at the moment with respect to parts, labor and design. A white LED costs as much as a simple incandescent light bulb, and you'll need a few dozen of these to just replace one. Not to mention the added cost of AC-> DC converters. This amounts to much more efficient enery usage and usability with respect to life time, but hell, the start up cost will eat it all away. Also, the phosphor of a white LED has on the order 10k hours of life, which is much shorter than the life expectancy of the LED at 100k hours. So, all those claims of 100k+ hours are moot with white LEDs.