i've had a craftsman floor model, 6 speed for about 25 yrs, now. can't imagine not having one. the only time i drill a hole without it, is when the object is just too big to put it on the drillpress. iput harbour freight's large cross slide vice on it andit does duty as a light mill, as well. granted, not with the accuracy of a real mill, but accurate enough that it gets used that way veryoften. i don'ttry to millthings like mild steel with it,but light cuts on aluminum with a sharp cutter are no problem, it just takes a little more time. i build alot of jigging and other stufffor woodwork andbeing able to do light milling with ithas really expanded whati am able to do/make in my shop. there are sites all over the net that show how to make jigs to convert your press to a drumsander, really handyfor sanding and shaping edges. run on it's highest speed, about 3400 rpm, you can shapeany wood with router bits, just feed slowly. one of my other "hobbies is home gunsmithing, and with a little moving the stock around in the vice, i canrough inlet a stock blank close enough that a bit of scraping or dremel toolworkafterwards andit's ready for glass beddding. recently, i drilled a motor mount for my current build and spot milled the flat spots for the capscrews on the bottom of the arms with it, no problem by mounting the motor mount ontoa 2x4 and clamping it in the viceto hold it level while milling the spots. it could be done withafile also, but it's nice to be able to make good straight and real flat areas for the nuts to sit on with the "mill", something you couldn't quitebe sure of getting with afile.