LEDLight.com small bulb-shaped 32-LED lamp

At 120 lumens this LED lamp is about equivalent to a 15-20-watt incandescent light bulb.  It would make a great nightlight for a bathroom or hallway (for example), as it only consumes 1.5 watts (and thus has an efficacy of 80 lumens per watt, pretty good for an LED lamp).  I measured it with my Watt's Up meter and it registered at 1.4-1.5 watts.  The light it casts is uneven though (bright spots here and there), but for purposes of a nightlight that will be less of a problem than for general illumination.

Cost-per-megalumen-hour comes out like this, using $0.10/kWh and assuming a 60,000-hour lifetime (which I am not convinced is the case but the people at LEDLight.com tell me that all their LED lamps have this same lifetime):

initial-dollars: 17
watts-consumed: 1.5
dollars-per-kwh: .1
thousand-hours: 60
average-lumens: 102
dollars-per-mlh = 4.24837

For reference, a really good CFL comes out near $2.50/mlh and a really good LED lamp is around $3.00/mlh (as of the time of this review), again using $0.10/kWh as the cost of electricity.