I also think the GP Hinge cutter is the best thing since sliced bread. Gotta watch the the blades tho cause then will start to cut oval holes sooner or later.

What I use:

Band saw
scroll saw
drill press
dremel + HUNDEREDS of bits and of course the snake attachment (I can't live without)
corded drill
mitrebox
hobby saw
various soldering tools
hand tools, srew drivers etc...
plane craddle

Thats it!