Well, if you want to replace the optical LED in your mouse...then I think white is one of the worst ones you can choose....the reason they choose red for the LED is becuase that has the highest contrast or frequency or something liek that...it is really high in something so that the camera in the mouse can detect movements, and make your mouse cursor move....
Now if you just wanted to have one lighting it up...hopefully it wouldn't be an optical becuase the red may get a bit blurred (I don't know, never had two LED's in one area....) and the red may fade making it a bit less sensative....but to get an LED running off of your mouse (5v if I remember right) you would need to get a resistor for it, I may be able to find the reistor calculator page...and post back here with it.
And the voltage for the LED it doens't really matter, there are usaully a couple different voltages for some LED's, like there are 3.2v and 5v blue led's I think....of course you would need a different resistor, depending on the voltage of where they will be supplied from.
Don't know much along LED's, but I think what I have said is true..someone might be able to back me up/correct me in the necesary
Oh, and an easy way to get that diffused glow is to sand down the plastic "lense" for the led a bit, to get it roughed up...that tends to diffuse the light if I remember reading a mod a while ago...
Fold and Frag on
Brian
*edit*
here is the one I...I think..
http://www.bit-tech.net/article/68/
Good Luck