Not a violation of the laws of thermodynamics but 300 lm/W is really pushing them. If we think of blue plus phosphor, then the limit is roughly 270 lm/W (with a 100% efficient blue LED and minimum possible Stokes losses). Nichia recently managed 250 lm/W in the lab (at 20 mA), and claims 300 lm/W is possible with a new phosphor mix. 400 lm/W is theoretically possible with RGB LEDs but you'll need to get them 75% efficient to reach 300 lm/W. Blue is already there in the lab, but red and especially green have a way to go.
All that being said, yes, I think 300 lm/W will indeed happen eventually, but if it happens in 6 years I'll really be surprised.