I didn't think so,, the closest thing you find to do that job with a 1/8" shank is a rotozip guidepoint bit, no bearing, but a flat spot for the template to ride on,,,, keep it moving so the template doesn't get burned..
Charlie,,,
There are called "Flush Cut" Bits
Any Laminate trim router motor would work great for a mini router table,, and give you more bit choices than a Dremel type tool
I have one of these
http://www.homedepot.com/Tools-Hardw...atalogId=10053
They work great,, and it's cordless
