My current cordless drill is an old 9v Craftsman that I inherited. It works fine, but doesn't have the strength or battery life for anything beyond light duty housework. Plus, it has an old ¼ inch chuck with ratchet and key, which is small and clumsy compared to modern chucks.
I want a new one.
I've been eyeing the highly rated, but expensive, Panasonic 15.4v drill:
But as of this posting, Amazon has a sweet-looking Makita on sale for $125 after coupon and rebate. I have a Makita random orbital sander that I like quite a bit. This might be an offer I can't refuse.
UPDATE: Looks like amazon sold out of the Makita! Maybe I'll get the Panasonic after all. It's over a pound lighter than the Makita, which is a big deal for wussies like me, and Amazon's $25 discount still applies (making it ~$175).
UPDATE 2: The Makita's are back in stock, and at the same deal price.
Too bad the Makita's sold out, I've had one of their other cordless drills (looks like they dont make it anymore - similar to the one you list) for 8 years and it's served me very well. The batteries aren't even dead yet.
BTW - What's "2 speed, Variable Speed" mean?
I dunno about the speed thing - might mean two variable speed settings, as the description says 'All Metal Gear Transmission (0-400 / 0-1,300 RPM)'.