mrtoken:

MurrayM:

Glengus:

MurrayM:

Bhavicp: I'd suggest getting Lightflow . It's pretty awesome. Lets you control LED notification per application. You can set specific ring-tones from the actual contact menu I believe. (Ie select a contact and it'll give you the option).?

So Lightflow will let me assign different LED colours for text messages from different contacts?

Playing with it now, i can set up light, sound, and vibration for each contact, i have the paid version

And different notifications for missed calls, sms, and mms for each of those contacts

Thanks for confirming that.  The Features page on their website doesn't seem to mention that...

Argh at lightflow

Try it and watch your battery go down fast, when i had it installed it would keep an awake lock on.
When i had it installed i had 6 - 8 hours battery life, after removing it i have 1.5 - 2 days

Light Flow was definitely killing my battery, powermanager wake lock gone from permanently on to only 15mins since Light Flow uninstalled