Isn’t this the coolest looking light bulb you’ve ever seen? Philips’ new Master LED light bulb gives as much light as a conventional 40-watt bulb, but with a 45,000-hour lifespan, four times as much as a CFL and a total power consumption of seven watts. However, with a price tag of $50 to $70 per unit, replacing all light sources in your home with LED light bulbs could become quite the project. The Master LED Light Bulbs are already on sale in Europe, but we won’t see them here in North America until next July.

[Via Core77]