The blue light is the only status for pairing and seeing if your device is properly connected.
To the best of my knowledge and research, I don't believe it is something you can disable.
I just got the Samsung WEP200 bluetooth for my Morotoral RizrZ6tv.
My question is about the bluetooth:
does anyone know if it is possible to diable the flashing blue light?
I mean, keeping the phone on, but not seeing the blue light flash all the time?
I know this can be done on other bluetooths, but the Samsung WEP200 manual
doesn't say anything about this.