ETC have released their Source 4 LED profile and if you watch their video it seems very impressive. The era of using LED fixtures in theatre is getting better and better.
As you can see from the above video this is going to be a great device. The power saving alone is likely to help pay for the fixture in the long run. You just have top look in the long term at the power savings, not just from the lower power that the fitting consumes but also the less heat generated – therefore less cooling costs etc..
ETC being one of the better manufacturers of equipment you are at least guaranteed quality build. I certainly cannot wait to get my hands on one of these. I am getting some indications that this might be available for around US$ 2,600, which is not that high a price to pay to go green and also save money in other areas such as GEL costs, labour for changing gels, lamp replacement and other things assoiciated with tungsten lamps.