Yes I agree, the leds are mounted on a alu heatsink, and that heatsink opens to the exterior.
However, due to the severely large amounts of energy that it takes to make aluminium from bauxite, they are doing away with alu heatsinks in lighting applications now....instead they are having lots of low power leds on wide area pcbs, and just relying on the pcb copper to cool the leds, and the hot air from the leds rises up out of air vents. This is the way its being done in the latest led bulbs.
Also, even when exterior-opening-alu-heatsinks are used, they only cool the leds, the offline flybacks switching fet wouldn't likely be stuck to that heatsink (even via an insulative spacer)..............so air vents would be useful to allow the offline switcher's components to cool off..do you agree?