Was in Lowes today and found they had this dewalt 611 for $119. Looking online, seems to be a pretty good price. Didn't find too many posts here of people using it. It is 1/4" only.
http://free.woodworking-plans.org/im...t-hand-220.jpg
Variable speed
http://www.aconcordcarpenter.com/wp-...87-300x225.jpg
LEDs
http://www.lgeoo.com/media/catalog/p...p611_app_1.jpg