It's definitely bleeding edge right now for sure. I have been experimenting with GU10 socket LED bulbs in my track lights for over a year now. I have spent over 100.00 during my tests. My goal was to light my office with usable task lighting, not decorative. At the end of the day the only LED bulb that would somewhat cut the mustard was the CREE Bulb. The bulb has only 3 LEDs in it surrounded by reflectors and encased in an aluminum heat sink housing. And this bad boy gets hot. Not halogen hot but hot enough to where you can't hold onto it for an extended amount of time. It looks cool too like a mini dentist lighting system or something. Problem with CREE is you pay for them. They are two to three times more than other LED bulbs. But you can quickly see why. Quality. Better Brightness. Heat
Sinked. Etc.
I also own the 36 LED cool and warm bulbs that have a wide dispersion pattern. These pretty much ****. Not enough light at all. Sadly, I currently use them where light is not super important.
What's in my office now? One Cree LED bulb, and the rest are unfortunately 50w halogens. Yep Halogens.
CREE GU10 Base Pros:
Bright, gives 35w halogen a run for the money
Built Well
Efficient
Heat Sinked
Good Light Dispersion Pattern
Look cool and modern
CREE GU10 Base Cons:
Still not as bright as a 50W Halogen
The light output is white not warm
GU10 enclosure is 1/2 inch longer, may not fit your fixture
Bulb needs to breathe to keep LEDs cool, enclosing them not wise
LEDs are semiconductors and dont like to be super hot
Expensive
Other GU10 Base LED Pros:
They light up.....
Cheaper
Good for spot lighting close up!
Run very cool
Other GU10 base LED Cons:
Not enough light for tasks
Cheaply made
Not enough light
Look like a bunch of LEDS shoved together
Did I mention not enough light?