Home LED's are getting lower prices, and some are close to 50-60 lumens per watt. Lumens though are not all the same -- LED's are focused light, and CFL's depend on the fixture for focus (or not). LED's last longer in general, at least theoretically, and some are now dimmable; as are a fair number of CFL's.
Color temperature is the big breakthrough on LED's (and for CFL's a while ago) -- look for 2700K to 3000K for light that is virtually indistinguishable from incandescent bulbs. Some incandescents are too red, in my opinion.
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