Decided to see what I could find and, as usual, stopped off at wikipedia first. They have a good efficiency table there, which states a 100W bulb having an efficiency of ~2.6% and 17.5 Lumen/Watt, compare that to low-power White LEDs and they have 2.2-6.2% and 15-42 Lumen/Watt. High power versions were 3.8-8.8% and 26-60 Lumen/Watt and developmental prototypes showed 8.8-14.7% 60-100 Lumen/Watt.
http://en.wikipedia.org/wiki/Incandescent_light_bulb
http://en.wikipedia.org/wiki/Light_emitting_diode
To me, once we can get over the costs associated with them at the moment, even getting down to similar prices of red, green and yellow/orange LEDs, and it will be a good, efficient light source. Revived memories of my Solid State Devices module too. Very interesting future indeed.