Ken,
I had a nice small 5" drill press i had for years that i sold when i got my larger 9" and i wish i had not as it functioned a lot better for the small stuff. i ended up replacing it with a knock off of the little micromark/proxxon jewelers drill press that i found on amazon for $60 shipped (its now about $72)
http://www.micromark.com/MICROLUX-3-SPEED-MINI-DRILL-PRESS,7797.htmlhttp://www.amazon.com/Drill-Press-Bench-Jeweler-3-speeds/dp/B001UOG4TG/ref=sr_1_1?ie=UTF8&qid=1292657097&sr=8-1 (looks to be it but not the same seller or price)
this has worked well for the small stuff so far. its an ok drill, not great, but for $60 its good bang for the buck. stable and square and variable speed. i decided if i really found myself needing higher quality in the future i would upgrade.
i was able to pick up the micromark XY table on sale for $69 a while back. really nice to do some simple edge milling or drill a series of holes evenly.
http://www.micromark.com/MICROLUX-X-Y-TABLE-ATTACHMENT,8009.htmlthe last toy i just got recently was a proxxon rotary tool to replace my dremel that went MIA. glad i got the proxxon as its brushless motor is really really smooth, not the vibration of most rotary tools i have had in the past. i popped for the little stand as well (was $38 i had some amazon gift certs from a credit card deal) for it as the drill press is not that high speed. its about the nicest rotary tool stand i have seen, really solid and simple. i have not yet used it for anything but playing around so far, but expect it to be a good performer.
http://www.amazon.com/Proxxon-38472-Precision-Rotary-Tool/dp/B0017PWTX8/ref=sr_1_2?ie=UTF8&qid=1292657600&sr=8-2http://www.amazon.com/Proxxon-28606-MICROMOT-Drill-Stand/dp/B000209ZAE/ref=pd_bxgy_hi_img_bthats all my beans on drill presses!
cheers
jeff
ps yes we do need a tools section for this sort of stuff! jr