LEDs - Do the Benefits Outweigh the Cost?

7x7 asks: "We keep hearing about the latest and greatest thing to come out of LED technology, and every article seems to give an over-view of the topic. How LEDs consume little electricity and last a long time, etc. However the manufacturing process involves super hot ovens and expensive componants. Do the requirements necessary in the manufacture LEDs and LED componants out-weight the requirements for standard bulbs over 10 years? One LED light can last ten years, but contains dozens of LEDs. Has anyone seen or performed an evalutation to see if the trade-off is really anything to speak of?"