Noticed that the Dye Rotor description mentioned some "Black Ops" feature to allow you to turn off the LED on the power button. The manual mentions nothing of it so called up Dye and asked how to do it. Here's how:
1) Open up the loader, take out the batteries and battery tray and open up the motorbox. Remove the black LED jumper.
Now the LED doesn't turn on. Is this going to change the world? No, but it now answers the question "How do you do this Black Ops feature on the Dye Rotor?"