Beowulf > My initial thoughts were to just use 5 LED's of each color in channeled groups. So I'd have 1 group of 5 red, 1 group of 5 green, 1 group of 5 blue.
I assumed I'd be connecting a resistor to each LED. Never even thought I could connect them in series as Audioguru mentioned.
audioguru > I wish I could use this solution, but I'd like to be able to control each "group" of LED's with a microcontroller, so the clean 5v is sort of a necessity for my project. Sorry about not mentioning that, I assumed it's consumption would be neglegable in the grand scheme of things in comparison to the LED's