Lately I've been fooling around with high-powered LED lighting... well, still not over 10 watts, but you get a lot of light for just a few watts! Also you can run off 12 volts DC (solar power system) or use a high-efficiency switching PSU to run from normal 120v (or whatever) wall power.
The really good discussions are over at the Candlepower Forums - gurus hang out there.
However, there's some simple fun to be had now that everything is available packaged up - you can buy something in the 3-5 watt range, get a matching controller, etc. Only really tricky part is having enough heat sink, though I've scavenged a couple from dead power amplifiers and also started making my own out of scrap copper rain gutter.