Hi coldquilter, I have the Truesharp rotary blade sharpener. I have been using it for about a month now. I really like using it. I sharpen the blade before it gets really dull that way it stays pretty sharp. I have had no problems with it. I don't know anything about the led lights though. By the way the $65 price for the sharpener is kind of high. I got mine from Nancy's Notions for $54. Google it and see if you can find it cheaper. Good luck.