Nope
Not really.
As many people are discovering with direct drive LEDs that are pushing high current (like the SST-90s and stuff), it's often very difficult to get the resistance in the system low enough to achieve the desired drive levels.
As it stands right now, as you may already know, about the highest current 3.7V bulbs available are around 2.4 amps. In order for that to work, the total resistance in the circuit has to be like 1.5 ohm, in terms of resistance, 1.5 ohm is pretty low.
The logical step for a 3.7V bulb to be called an "IMR" bulb would be at least 3 amps. Maybe more. The total resistance in the circuit would have to be down close to an ohm. This gets tricky, and the performance from one unit to the next with mild differences in oxidation on contacts, or even what type of switch is used will start to make noticable differences in output (we see this happening with folks doing the SST-90 DD builds). The tolerance for the filament would start to get really tight and hard to keep consistant from one unit to the next. You'd almost have a Vf variation similar to that of LEDs, which would make things even worse.
Now, consider the following: Designing a high voltage, low current bulb, you use very a very thin long strand of tungsten. The long thin strand has lots of surface area and is wound in such a way where much of the surface area is visible from many possible angles of view, meaning that there are less places where the windings of the filament are blocking light from other parts of the winding. In a low voltage, high current design, the length of the strand gets much shorter, and it must be slightly thicker. The surface area of the filament becomes much smaller, and the thicker filament windings block more light from other parts of the filament.
The result, is that, low voltage high current bulbs suffer from a dramatic hit in efficiency that makes the practicality argument even worse than it already is for incans.
Low voltage low current bulbs can be reasonably efficient, but from the math I have done on bulbs, seems like efficiency really starts to platoe around 12V for most common wattage's.
Hope that helps,
Eric