Carl, for the ones I have the bulbs for the turnout mechanism are the same shown below with the bulb base:
What's not clear is if the bulbtown "wedge base" is identical or identical enough to fit the MTH Realtrax socket. As shown below with a Christmas string bulb vs. the MTH bulb the wire-terminal bulbs are the same diameter but the base has different dimensions. I suppose one could take the LED version out of its base and install it in the MTH base but looks like Dave will know the real deal soon enough.
The other perhaps trivial detail I'm curious about is the directionality of the bulbtown LED. It appears to be one of those flat-top LEDs which supposed spreads the light. In my case, with the Realtrax switch controller, I made a 2nd style of DIY replacement with upward pointing LEDs (rather than sideways pointing LEDs). This is because the red and green lenses in the switch controller box are at the top rather than on the sides. The photos below shows my rendition of this style. That is, I found that my initial sideways aiming LED replacement did not project upwards enough.