Theres an app called "incredilight" that works for the evo.
It has Low, Med, High settings for the flash/flashlight.
I dont know if theres a way to independently control the 2 leds, they may be on the same circuit, but there IS a way to control the voltage to the LEDs. ( aka brightness)
HTC just didn't incorporate it into the camera application.
Its proof of concept that deems that it IS possible. If a dev to re-write the camera app and include code it would work. Or if HTC decided to they could as well but odds of that are low.
Sounds like a project for someone =)