Dremel recently announced the new Trio. It's a tool that has three basic functions: cut, sand, and rout. It's designed for flexibility. With powerful, 360-degree cutting technology and plunge-cut ability,
the Trio makes quick and controlled cuts in wood, plastic, drywall,
metal and wall tile. It's also great for intricate sanding in hard to reach places or shaping. And, with its routing feature, you can add a round or beveled edge to your work, or do a cutout on a wooden surface.
More details are available here.