Godkas, at this moment, there's no LEDs made that put out enough light in a plant-useful spectrum to grow even as well as CFs.
I agree that LED technology is coming along- and eventually may be useful for growing- but it's nowhere near useful yet.
In another life, I'm an electronics engineer. The technical end of it is that LEDs at present have some inherent limitations on efficiency, heat dissipation into the silicon substrate and temperature tolerance of the semiconductor doping agents used to make them that must be overcome before they are practical for lighting plants.
Yes- I've seen little experimental grows done with really expensive high-output LEDs, but not one can compete with the efficiency of fluoros & HID lighting.
On watts-per-lumen comparison as well as on light intensity, HPS still beats the crap out of fluoros. I've seen some nice vegging work done with CFs, but even CFs simply will not make the bud density you get from HID lighting.
We're going to be using HPS lighting for many years to come- and you can take that to the bank!