What happened to the 100,000-hour LED bulbs?

Early adopters of LED lighting will remember 50,000 hour or even 100,000 hour lifetime ratings printed on the box. But during a recent trip to the hardware store the longest advertised lifetime I found was 25,000 hours. Others claimed only 7,500 or 15,000 hours. And yes, these are brand-name bulbs from Cree and GE. So, what happened to those 100,000 hour residential LED bulbs? Were the initial estimates just over-optimistic? Was it all marketing hype? Or, did we not know enough about LED aging to predict the true useful life of a bulb? I put these questions to the test. Join me after the break for some background on the light bulb cartel from the days of incandescent bulbs (not a joke, a cartel controlled the life of your bulbs), and for the destruction of some modern LED bulbs to see why the lifetimes are clocking in a lot lower than the original wave of LED replacements. Just a good, fun, but also depressing read.