This is one I’ve been watching for a few months now. It’s a small hardware project to control the LEDs with customized solors and patterns. Doesn’t seem like a major project but it appears to be really popular. Here’s a video:
Seems like the 1200 is the main focus now, but other models were mentioned.
Check out their facebook page –> here<–
Mambo's Amiga Blog 
Too bad it’s a private group. Besides not everyone participates in Facebook.