I got introduced to this by my cousin who I think had contributed to a crowd-funding initiative to get this product out on the market commercially.
It was successful and he received the product per-release for free.
It is basically like an average led-light bulb with WIFI network connection capability which allows you to manipulate the colors and brightness through you phone.
All you need is the bulb, a WIFI network and a smart phone with the free application and it is ready to go.
It one many awards, and has great reviews.
I tired it out and I must say I was pretty impressed, although its not a cheap product by any means.
Anyway I’m off to get one. Ill have a review of it after some more testing.
Here is there website: http://lifx.co/