There's still the flicker and glare, and an unnatural "look". LEDs are not as bad as CFL's, I'll grant you that, but still not as good as an incandescent for the living room or bedroom.
If the spectrum is good, and there's no flicker, I think this could make sense in the kitchen or hallways. I haven't been that pleased with the LEDs I've seen but they are still better than CFLs and show more promise.
In the living room or especially the bedroom and bathroom, I prefer dimmer lighting with less blue spectrum. My 29W halogen incandescent on the night table doesn't exactly burn through a lot of electricity and has the most pleasing light in my eyes. Until there's a LED that can perfectly match that, I'll stick with that until these bulbs get banned, too.