Just purchased this neat little dowelling jig called Joint Genie. I had been wanting to buy a good dowel jig for a while now. The price of the pound now is a bit expensive but this tool is a winner. I bought the metric size; they are making it in imperial as well.
Here is a link to a YouTube vid by the owners.
And here are a couple of photos from what arrived in the mail yesterday.
8mm Craftsman Set