Great things can be accomplished in this not yet settled world of LED lighting
Rant = on.
As long as 99% of the market is driven by chinese fabricators that are also doing most of the fixture design while Western markets do nothing more than act as distributors I'm not holding my breath. Or, we need to start powering our houses by AA batteries because it seems the only source of energy that most of the members of this site understand.
Rather than rate flashlights on the basis of how brightly you can illuminate your neighbor's garage at night, how about we base them on how few landfills we populate with discarded batteries used to power these things. Or, who can build the most efficient and cost effective AC circuit given that driving a high tech LED with such a low tech device as a chemical battery is the biggest oxymoron I can think of.
If I choose halogen or CFL for interiour lighting I can choose exacting specs such as beam angle, CRI, color temp, and reliable power source. LED rarely provides the same, and if it does, you can rarely trust it.
With fixed LED lights I can choose either line voltage, and deal with a questionable power filter that will likely flicker at a maddening 30/60hz. Or, go with 12volt, and have to become an expert on picking and wiring my own 12volt custom supply.
Rant = off.
For my own designs I've settled on a rather innovative approach - I mount the bare LCD to a 1" x 3" piece of copper pipe with a bolt or steel bearing sitting inside it, and set the assembly on a mounted Neodymium magnet. Instant, 360degree swivel that also serves as a great heatsink.
Another fixture I'm working on is mounting the LED and lens inside a capped piece of 3/4x4 piece of copper tubing. I then hang it like a pendant using very thin gauge, black wire, and paint it black. In a darkened room, it nearly vanishes, and the light source looks like it coming from thin air.
I plan on using these designs for my own solutions, and given I have little ambient light to work with it's going to be challenge. It's just I wish there was more of a base of commercial solutions to pick and choose from for reference.