Same kind of stuff yes. It is very bright, and very small. Not only that, most come with sticky backing. It can fit in many places easily, like behind wall trim or baseboard, or under the lip of a riser. It also takes very little power, and most kits come with or support good simple remotes and/or dimmers which can change colors, turn off/on, etc. This also means you only need an outlet instead of a switched outlet or a dimmed outlet. As well as sticky back mounting, you can also mount it in special channels, like 45 degree channel, which will change the direction of the light. It's simply a superior technology which is smaller and uses less power. There are also a lot of variants of LED tape light, so you need to know how bright it will really be. The size of the LED diodes plus the spacing between each diode play a big part. So if you buy them, make sure you do your research. The one downside is that it only bends in certain directions, so if you want to go around a corner, and it is facing a direction like towards the ceiling, you need to use a connector of some sort around the corner.
You can cut most 5m reels to any length, but if you don't use the default lengths, or your tape doesn't come with end connectors, then you would need to probably solder on connectors yourself. You can also buy it in sections of 12 inches and go piece by piece. You need to make sure though that the more total LEDs the total length of connected tape has, the higher wattage transformer you will need.