Yes, I know LED's have been around for a while. But thus far, I have not been able to find any that screwed in to a standard light bulb socket. They all required expensive (and proprietary) DC conversion boxes. Well, this week I saw an ad for exactly what I was looking for. They are a bit pricey (like $50 per bulb) but they will last 60,000 hours (NOT A TYPO!) and consume tiny bits of energy. Plus, these new bulbs are dimmable using standard dimmer switches (which the DC versions are not). As a landlord concerned about the long term cost of bulbs and electricity in the common areas of my units, I plan to buy these in bulk...
http://www.ccrane.com/lights/led-light-bulbs/index.aspx