Don built an Amblight for his home theater PC. He put together this tutorial describing his build of a multichannel Arduino-based Ambilight. He estimates the BOM at $40 (in addition to the Arduino). [via]
The bill of materials include 6+ ShiftBrites (your call, I wouldn’t do less than 6 though), a printed circuit board, wire, and headers. Additionally this will require all of the components needed to get over 0.5 Amps at 5.5-9V DC on to the board to drive the ShiftBrites; this cannot be reasonably done over USB power. My ultimate goal here is to give others some ideas on how to go about this project for less money than it would cost to essentially buy everything in a kit. I went in to this trying to be resourceful and I feel pretty good about how it turned out.
DIY Arduino Ambilight using ShiftBrites - [Link]