My experience with LEDs and CFLs has been just the opposite to Gdetrailer's.
I have replaced almost all the sticks and bricks lights with CFLs and I can't count the failures, but at $0.99 it doesn't cost much to replace the bad bulbs. The one LED I have, replaced a 60W incandescent, and has worked flawlessly for about a year. It cost as much as 5 CFLs, $5.
All of my coach lights are LEDs. I had some early failures of strips of 3 LEDs. I traced these to panel failures, The individual LEDs are still good but the panel wiring failed. So some of my lights have lost 8% of the light, not too noticeable. I like the LEDs, good color, good brightness, good life, great current drain, still too expensive.
I think the future belongs to LEDs. CFLs will disappear and be replaced with LEDs but the cost has to come down. I don't think it will happen in 1 or 2 years, maybe 5 years.
