GoldenGadgets has the MR16 3-Watt (3 x 1W) LED Light Bulb (in white or warm white) for $2.99 - 15% off with coupon code GGTHANKSU + $1.56 shipping (economy) = $4.10 shipped. Or get four bulbs for $10 - 15% off code + $4 shipping = $13. Replaces 25W halogen MR16 spot light.
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dinodirect has a much wider selection of bulbs at very good prices.
^ Yes they do but you can't get 4 bulbs for $13 there, their cheapest equivalent (MR16 w/moderately higher power LEDs) is a similar 3W for $5.23 each. Note that that one, and probably the one at Golden Gadgets, are a cool ~ 6500K color temperature (slightly blue hue), personally I'd prefer closer to 3000K temperature.