It hugely depends on the quality of the light. Look at CRI (and the newer, better TM-30). Low quality LED lighting is just terrible, the room appears light but colors and details are poor.

It's technically possible to achieve a 100 CRI score with a broad enough range of frequency spikes rather than the continuous range of frequencies you get from incandescent bulbs. So even the best LED bulb isn't going to match incandescent.