I generally agree with you both, but I have a unique situation.
I want to replace the lamps in existing vintage metal fixtures. They currently use, and I'm quite happy with
these. They're only 7 1/2 watts so there are no CFL options (which suits me fine because I loathe and detest idiotic CFLs). Most all of the LED lamps I've seen (as well as all high power LEDs) are directional, and these need to cast light through 360 degrees.
Now, I also have to please Lisa, queen of the manor.
She and I both despise the light cast by white LED landscape lighting. She also would be very disappointed to loose the old fixtures. And the final factor in this situation is the fact that I already have about 900 1,500 mcd LEDs. I kind of stole them in an eBay auction... the listing said "1200 1500 Amber LDE Bulbs, Bright". I saw what they were in the photo and got them for the $0.99 minimum bid. (I've since given away a few handfulls).
Since these are bright, but not "high power", I really don't have to worry about power supplies or heat sinks. Since I only have to make up the light from a fairly low wattage bulb it's not as if I'll be needing a hundreds of them. And what's more I don't have to buy anything at all to give it a shot.
As an aside, I breadboarded a string of 7 LEDS, and then 14. I'm guessing 21 LEDs will just about equal the original bulb.