Subjectively it helped me to adjust to the different timezone during the flight, but it might have just been the 'hey, neato' factor as well.
Or, I suppose, in the vein of a plant that twitters about its thirst, a bot that performs sentiment analysis on your tweets and adjusts the light accordingly.
This link will let you change the light color in the steering house of a barge in the Copenhagen harbour owned and run by artists and hackers. http://liljedahl.dk/christian/illutron/picker/
And this one lets you see how much power is currently being used on the barge. http://illutron.appspot.com/PowerGauge.html
Were planning on doing more with this. Throw me an e-mail if anybody wants to play :-)
Three years ago I built LED lamp out of some no-name high-power white LEDs (~1€/piece) and last year I got Phillips LivingColors lamp and subjectively I find the light given by bunch of no-name white LEDs more pleasant.
We can, to an extent, simulate a full spectrum through additive and subtractive colour mixing of "primaries", but it is only a simulation. (And Edwin Land demonstrated that we don't actually need all three of R, G and B in order to create the illusion of a full-colour picture with only a comparatively tiny gamut loss. It is a fragile thing, though, and requires the integrative function and cognitive mapping of our brains.
Similarly, we can easily tell the difference between full-spectrum lighting and discontinuous spectrum lighting. Discontinuous spectrum lighting makes us uncomfortable. None of the colours looks quite right. Food is unappetizing, pictures and people less attractive. Did the light-makers just miss the right mix of frequencies by a hair? No -- any scheme that relies on a small number of discreet wwavelengths will cause a similar discomfort. We may not know why we feels the way we feel at the time, but we sho' 'nuff knows we'se feelin' it.
RGB lamps could also have some interesting extra features, like adjusting hue based on time of day, which might help insomniacs (such as myself).