[Wonder Warthog]

"As LEDs are available in many colors, a simple mixing of colors could easily be made to reproduce the color temperature to which we have grown accustomed."

Already being done. Currently available is a "bulb" with "white" LED's combined with yellow LED's to yield a "warm white" output.

[riverdawg]

We installed LED lights under our kitchen cabinets during a recent mini-renovation. They give off a ‘warm white” light, much better than fluorescent bulbs.

[Wurlitzer]

“Already being done. Currently available is a “bulb” with “white” LED’s combined with yellow LED’s to yield a “warm white” output. “

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Great! Have you seen them yet? I have not but that only means they have not come to a store near me.