Bantam Tools' (formerly Other Machine) Othermill is a CNC routing tool. You can think of it like a computer controlled Dremel. Using various bits, Othermill can do anything from carve wood to etch circuit boards.
Using small, computer controlled blades, the Cameo can cut and perforate paper, card stock, vinyl, and very thin sheets of soft metals like copper. Use the Cameo to create paper art, models, and more. Click for a tutorial on cutting vinyl.