A friend just linked me to this:
http://www.thinkgeek.com/gadgets/tools/843d/
Has anybody used one of these and can comment on its quality? Can this thing handle the sort of things that we typically machine in FIRST? Are there other things like this that exist, but I've just never seen before? For $500, it seems like a pretty good solution for a team that doesn't have much in the way of machinery or money. I would definitely consider picking one up for the next build season if it would be useful.