So lets say I want it to be able to power up even while not spinning.
Then the genorator, magnets, and DC through the primary would not work. It would have to be AC through primary.
Yes, I have thought about a slipring but I would like the project to be as quite as I can make it and having metal against metal might create a constant scraping sound.
~Mike
Edit:
Haven't picked motor yet, RPM unknown.
Voltage needs to be about 5V and enough power to run an ATmega32 and about 20 tri-color LED's.