The CREE CR6 is the latest in a line of energy efficient LED lights made by CREE. This light addresses some of the issues of the earlier lights, allowing dimming down to 5% and having a compact, light-weight package at about half the cost of earlier models.
It draws only 10.5 Watts yet produces as much light as a 65W incandescent bulb, so it’s definitely an energy saver. That’s a 55 lumen/Watt rating, putting it in the same ballpark as a normal CFL spiral bulb. But the fair comparison is with dimmable fluorescent downlights. Those range from 40 to 50 lm/W, so on average, you get 10%-25% more light from the CREE than you would the equivalent fluorescent.