Posted to alt.home.repair
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Looks like a scam
Hell, who knows? What's the rep of the originator of the information? Do a
little research.
In news 
Caesar Romano typed:
Is anybody here familiar with this? It looks like a scam
to me.
The Light Controller That Works Like an MP3
BY Ariel SchwartzFri Sep 17, 2010
LumiSmart lighting controller
What do MP3s and light bulbs have in common? Quite a lot,
it turns out, when the light bulbs are attached to a
LumiSmart Intelligent Lighting Controller. The
shoebox-sized solid state controller, developed by Cavet
Technologies, costs $2,000, takes 20 minutes to install
(with help from an electrician), and cuts electricity
consumption by 30% to 40%.
The controller works by cutting off power to light bulbs for
nanoseconds at a time--faster than a light or ballast can
figure out. It's similar to compression algorithms used in
MP3s, where cutting out select bits to decrease file size
still maintains the file as a whole.
http://www.fastcompany.com/1689684/lumismart-leverages-mp3-technology-to-save-energy
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