Howdy! I'm with  you all the way with LED's. They are way over priced... usually. We sell a few LED lights off our website, but have chosen to stick with the less expensive stuff. I have been totally shocked at how expensive they really are. Here's a link to some outdoor spots we sell on our website:
http://www.rlights.com/viewproduct.php?id=13971 These are only 8 bucks, but you can't get under cabinet lights that cheap. You can't get puck lights that cheap. Look at the automotive ones. I just paid $300 for a pair of break lights for our Expedition. Yikes! They look cool anyway, but ya, LED's are usually way WAY over priced. I'd actually be surprised to see them get very popular in the lighting industry. They don't diffuse right and the color rendering isn't warm like people like.