it works on PC and mac, and it says indicator LED. but it doesnt have one.
i opened it up to find it has one but the plastic blocks it!

As you can see these 3 blobs ore doing nothing, and under the 3rd one is the LED
dremel my friend!

the question is, does it actually work?
YES

and it serves a purpose
watch the 9 second video:
http://www.youtube.com/watch?v=xVdP-3iVCj8