Well - I finally did it. I wanted a red powermate LED light and of course not only does nobody sell one but nobody seemed to post directions. I have to tell you - this little thing is NOT easy to open up and change the LED on. It is a special kind of LED and it took me HOURS to track down the manufacturer. No thanks to the guys at Griffin

Plus to change the LED you have to desolder no less than 5 different points all the while keeping wires as thin as human hair from breaking. Did I mention there was NO extra room to pull the circuit board out to work on this? Oh, and the bottom is glued on. Anyway, I am glad it is finally done.
While I was at it I upped the brightness. I decided on red but yellow, orange, white and a higher powered blue were also available. Various intensities are available as well. If anybody is interested in buying a black and red model from me - send me a PM and I might put some together. They would likely cost around $85 shipped though. This first one took me about 8 hours to do but I figure I could do it again in about 1.5 if I avoid breaking and needing to repair the USB wires.
Here are some pics! Both Powermates are at their max brightness.