Not so fast there, CL. Where LEDs still lag behind is the CRI (Color Rendition Index). One of the main reasons LEDs are still 'not there yet' in residential lighting applications. Overall brightness is a good thing but if that bright light does not allow you to discern colors (that unnatural look), a less bright light with a better CRI (i.e. the incandescent light) may be better suited.
Yes. I was talking specifically about flashlights.
That being said, we have some under counter LED strips in our kitchen that give the same color temperature as the LED’s they use in Jewelry stores now. They are absolutely awesome.
I understand that LEDs can give you the ability (or soon will) in home lighting to not only adjust brightness, but also color temperature.