I agree. I like LED flashlights much better than incandescent ones becuase they're smaller, lighter, brighter, and the batteries last much, much longer with LED flashlights. I like LED traffic signals, indicators, exit signs, store name signs, and sometimes indoor lighting, but for outdoor and commercial indoor lighting, LED simply isn't the way to go.
This could be in the same catagory as the increase use of fluorescent highbays over HID. HID is more efficient, but fluorescent ones don't give off as much heat, they're quieter, they cost less initially, and they have instand restrike (so they can be used with motion detectors at a reasonable price). Of course I prefer HID high and low bays, but fluorescent ones offer more advantages over HID. You just can't say that about LED street lighting instead of HID.