On another PDA forum I was referred to SPB Phone Suite and it is, um, sweet.
Phone Suite options include customized sound and vibrate alerts (and LED), timing intervals and a maximized volume for notifications. The volume is way over and above the default -- too loud for me, even, but probably ideal for people working in a noisy environment.
Even though there's no mention of LED alerts, it flashes the purple LED 5 times at the desired sound/vibrate notification interval (1 minute, 5 minutes, etc.,) even after the phone has powered itself down.
So while it's not perpetual intermittent blinking every few seconds, like the 6700, on the other hand, I can't accidentally clear the alert like I did occasionally on the 6700, with a screen tap.
Just thought I'd pass it along.
On another note, I really like the Saga and am sad to see VZW is not pushing it at all. It's a slick little device for the price and I hope enough people buy it that there will be eventually be interest in a WM7 ROM.
~Jacy