i picked up some new LED lights from an AWESOME LFS up here by my house in LA. the store is called The Fish Collection. the owner is great, the corals are incredible, oh, and he offers LED lights for $350!!!
i got the 120w pendant, and it is brighter than my 250w icecap MH. the color pop is amazing. it comes with a 2 year warranty that covers everything but water damage. the lights are the same as these, http://www.marinedepot.com/ps_viewit...TFILDTN-UU1111 , but it is the 120w version. if i recall they were saying it'd be $799 for this light through marine depot. this guy direct imports them, and you save. there is also a 180w pendant, for i think $450.
if you are in LA area, check the store out. if you want LED's, definitely check it out. his entire store is lit by these lights, so you can see the performance in person.
here are some pics. enjoy!
here is the store info:
The Fish Collection
1158 E. Yorba Linda Blvd
Placentia, CA 92870
(714) 524 - 7109
http://www.fishcollection.com