The biggest thing with an LED source is the reflectors - This is what they need to optimise to achieve a decent light source.
I saw some demo light fittings around 12 months ago and they where really poor, seen some recently and they where very good, not comparable to the light output we are used to, but still very good.
We are working on a site and are installing standard HF fluorescents down a load of racking aisles in a warehouse. In the far section of the warehouse another contractor has been tasked to install a couple aisles with LED lowbays. The fittings have been imported and cost just over a grand each. Will be interesting to see the comparison.