In reply to Tall Clare:
The trouble with led replacements/gu10 mr16 is that they are rated for 30,000 hours for example (some are 50k etc) and yet their guarantee is for 1 year only. If you spent 10 quid a bulb and it definitely lasted for its intended period then the choice would be simple - go with led. Thing is it only takes for 1 or 2 to fail prematurely but after the guarantee period for many/most payback scenarios to be blown out of the water, and they do fail still.
I built my house with 51 2.4watt downlighters at a cost of 8.95 each (what an idealist nob I know) and if I were to do the whole thing again I'd have a single ceiling bulb in every room (low energy to comply with building regs etc) and light the place using table and floor lamps which is what we've ended up doing anyway. Much nicer having uplights/mood lights I think. Exception to this is kitchen but that is only 1 room.
Keep it simple and effective with minimal initial outlay is my advice.