At the frag swap I saw my first LED lights for coral tanks. I know, they're expensive, but use much less electricity, do not need new bulbs every 6 months, and are programmable.
Does anyone own them yet and if so, what do you think of them?
What I got from the Swap is that they're not that much less electricity than MH, and since they give off a good amount of heat you need a bunch of fans. Right now the price tag is very high and you could buy new bulbs for years. In time the cost should come down.