pm, yeah, i believe that is how those cells work.
depending on your electronics knowledge, how simple / complex do you want to make this? do you want it to just turn on/off or varying brightness with the light level?
The simplest method is to feed the cell into a comparator like the LM393 at the + input, and a voltage reference (the point where you want the led to turn on). Feed the output of the comparator through a 4.7k resistor into a transistor like a 2n3904. Place a resistor in the emitter to limit the current, and the led in the collector to power. Thats basically the simplest circuit I can come up with right now. An op-amp, a transistors, your led, and some resistors. of course, your gonna have to work out the values
if you need a schematic for that and the values i can work figure it out for ya.