It is a staged phase-out, but from September 1, 2009 to 2012 it is goodbye to incandescent bulbs.
The regulations are written so that, in effect, incandescent lightbulbs (the ones you grew up with) will never be able to pass the energy efficiency tests and therefore banned. But CFL (compact fluorescent bulbs), LEDs, and efficient Halogens will all be OK.
See the press release:
At today's meeting of the Ecodesign Regulatory Committee, EU Member States experts endorsed the European Commission's proposals for a regulation progressively phasing out incandescent bulbs starting in 2009 and finishing at the end of 2012. By enforcing the regulation of switching to energy saving bulbs, EU citizens will save close to 40 TWh (roughly the electrictity consumption of Romania, or of 11 million European households, or the equivalent of the yearly output of 10 power stations of 500 megawatts) and will lead to a reduction of about 15 million tons of CO2 emission per year.
Current stocks are legal (if you have some weird desire to stock up) and in fact old stocks will still be legally sellable after 1st September 2009, but very few manufacturers will bother to produce after this date - as they will need to start hitting the new targets (although the dates are staggered).CFL bulbs get a bad press usually because they are often:
1. Ugly
2. Produce harsh light
3. Not dimmable
All the above are no longer an issue. The latest CFL bulbs have covers to make them look like "traditional" bulbs, the light can be full spectrum and many different shades of white (colour temperature), and they can be dimmable as well. So better quality CFL bulbs will be on the market in future.
This still leaves the issue of mercury content (but all bulbs and manufacturers must adhere to the WEEE disposal regulations) and "electrosmog" - the latter I personally think is just people being daft.
So it is goodbye to these babies:



