VIOLA (and here in fiddle, finally found my creds: http://jsfiddle.net/bhilleli/JW2gP/66/)
$(function () {
$('#dial').knob({
min: '0',
max: '25000',
fgColor: '#f00'
});
$('#dial').val(10927).trigger('change');
});
$('#chgColor').click(function(e){
e.preventDefault();
$('#dial').trigger(
'configure',
{
min: '0',
max: '25000',
"fgColor":"#001"
}
);
});