The red LED on the AGP graphics & Gigabit Ethernet models is up by the outer-most RAM slot(between the FW and RAM, but closer to the RAM, you would have seen it if it was on), it is a little surface mount once.
*Edit
http://poopr.org/images/lrrxks56x9titxn0uots.jpg
*Edit
http://poopr.org/images/lrrxks56x9titxn0uots.jpg