CFL Experiences
We've been trying to use CFLs since 2000, but they have a number of problems:
1) They do not last. Typical life span is two years which is worse than incandescent bulbs around our house. Part of the problem is ganged lights, where several bulbs are on one circuit. The bulbs basically burn out each other's ballasts. We've spoken with the local PUD (power company), and they've swapped dead bulbs with us fairly often as part of their energy saving program. They are pushing CFLs, but admit that life span is a problem.
2) They are relatively dim, even after they have had minutes to warm up. This is not a problem with ganged bulbs, where there are more lights than we need, but for one shots, you need a much larger CFL than incandescent. My camera light meter confirms this. The difference can be two or three f-stops, depending on the local decor.
3) You cannot dim CFLs, at least not yet. This problem may or may not get resolved, but our local power guys don't know of any dimmable CFLs, and they should.
4) We haven't noticed a lower power bill since we've been using CFLs. My guess is that lighting is perhaps 10% of our power usage, well less than our refrigerator, stove and heat pump. Of course, we have cheap hydro-electric power here in the Pacific NW of the US so return on investment numbers are weirdly skewed. In 1935, power went for 6 cents US per kilowatt-hour. The recent rate hike pushed it up to 7 cents US, so who says you can't buy anything with a US dollar anymore.
As for LEDs, they are available in various temperature/colors, so they can work, but we still haven't found a unit we can screw into a socket that produces even 1/3 the light of the bulb it replaces. I don't see this as a permanent problem, but I'll probably get down to CostCo and get one or two of their "small" boxes of bulbs. A gross or two of incandescents will probably get us through the awkward transition region.