Correct, they will under powered and won't need the resistor.
However, they will be underpowered and thus not as bright. Keep that in mind.
-CollinstheClown
As long as those wires make it to the power supply they are good to use.
-CollinstheClown
Make sure to post it up!
-CollinstheClown
No.. 4 3.3v LED's will still need a resistor. Use a resistor calc to find out what you need.
http://led.linear1.org/led.wiz