40 watt incandescent bulb load for all the dimmers I tested. Radio Shack meter.
Old WS12A 28mA AC Off. Full On 17 VAC dropped across the switch.
Old WS467 29.4mA AC Off. Full On 16.75 VAC dropped across the switch.
While some of that "off" current powers the switch itself, much of it is out of phase with the AC waveform due to the transformerless power supply, and does not result in real power dissipation.
I was surprised by the voltage drop across the switch. When conducting the voltage across the triac should be under 1 volt, and there should also be little drop across the series inductor. Considering the switch is rated for a 500 watt load, at 120V that would be over 4 amps, resulting in 70 watts dissipation in the switch. While dimmer switches can warm up under a heavy load, there is no way it could dissipate 70 watts.
So I measured one myself with a 60W bulb. The actual voltage drop across the switch when the triac was conducting ran between 1V and 2V at the peak of the AC waveform. Then I used a meter (both digital and analog) to measure across the light, and indeed it read just 109V with our AC line at 124V. The discrepancy is due to the triac taking almost 2mS to turn on. But since the voltage is relatively low during that portion of the waveform, the missing portion represents relatively little loss in power delivered to the light bulb.
Jeff