I can't wait for them to come up with LED light bulbs that screw into standard sockets like they did with compact fluorescents. That would solve the mercury problem with the fluorescents, and slash energy usage by a third of what the fluorescents currently use. The problems are a harsh white light, that the light is focused in a beam instead of all around the bulb, and they need special fixtures to operate.
Currently, I do have LED Christmas lights. Those burn quite cool, making them the perfect option for Norfolk Island pines that are sensitive to even fairy lights. They are safe for use in all trees, since they cannot realistically get hot enough to start a fire or melt tree material. You can also stick a C7 or C9 LED bulb in a Styrofoam ball for better effect; I do not recommend doing that with standard bulbs since they get very hot and could melt the styrofoam. And they use 90% less electricity than regular bulbs. Less oil wasted. Less $500 light bills. Less heat to worry about. And less worry about blowing a fuse or starting an electrical fire in a remote location from the tree. And, if you are going to have them up most or all of the year, they make for fewer blown bulbs.