Forgot to mention that when you need a spade bit, the Irwin speed bore are the best I've used.  Gotta be careful though because they self feed so you can tweak your wrist if you use them in an awkward position.  Also, I bought a set of Wood Owl bits last year to drill the holes for the hold fasts in my bench.  Now that is a great drill bit.  Almost as clean as a Forstner but drills much faster and are easier to use free hand as well.    

--Nathan, TX. Hire the lazy man. He may not do as much work but that's because he will find a better way.