Hi Wildrice,
I can't comment on the semiconductor issues, but was interested in your interest in large scale lighting.
You're probably better off with large arrays of LEDs rather than LEDs with big die sizes....or big modules like the lamina with lots of small LED dies. Even the lamina at a distance gives a sharp shadow.
One thing I've noticed is that the diffuser is very important, even if it may cut some of the light...because of the soft shadows. On a purely subjective level I think not having sharp dark shadows helps your eyes think that the light is brighter than it actually is. Presumably its a psychological perception...the eyes are used to soft shadows in daylight and household settings, and so assume they're in the same situation even if you've only got LEDs lighting the place.
Here's a pic containing three of my upcomming boards:
(actually, it's the prototype model. My production board has 66% more LEDs.
This will nicely light up a room, probably around the level of a 25W globe, or a big TV set. Enough to see by, eat munchies while watching a video and read the TV guide and locate your beer. Certainly a nice mood light, but I wouldn't read Lord of the Rings by one of these lights.
Oh and with large scale lighting, you won't need much blue, it's hard on the eyes. You can get by with mostly red, a little green and even smaller amounts of blue to get a nice warm white.
phli