For me, it's a light attached to my head...light's always pointed where I'm looking. This is a Zebralight with a 120 degree flood (ie, NOT directional. Not all LEDs are directional, as one poster said earlier.)
Big advantage: it provides natural looking colors, not the typical harsh cold blue-tint of most LEDs. This is a High CRI light...the future of LEDs ("Color Rendering Index," meaning it doesn't drop out in the orange/red spectrum and the blue-green spectrum, like most LEDs.) It's the lack of full spectrum color that makes most LEDs give a flat, ugly light and are generally "hard to see with" even though they're bright.
It's hard to explain, but once you experience the difference, no more needs be said. A high-CRI LED looks a lot like an incandescent, which is widely acknowledged as superior for "seeing" but they're dim and inefficient and hot by LED standards.
I will bet nobody makes a High-CRI LED hanging-style worklight--if you prove me wrong, I'll thank you for it. Someday, they will. For now, if you want High-CRI, best bet is an upscale headlamp or a high quality floody flashlight that advertises itself as high-CRI.