I'm currently planning on powering through the Micro USB port on the board... I'm aware that most Arduino's have a regulated voltage output pins, buts its to my understanding that drawing to much current through the regulated 5v pin can fry the board
I've also heard of people powering LED strips off the VIN pin... I've read that if powering from the USB port, the VIN would act as a direct connection to the power source (USB charger) with no regulator or sensitive electronics to worry about.
Also, most LED's operate at 3.3 or 3v so I should run a resistor in series with my power feed to tame the voltage down some from 5v, Correct?