First: Where's it going to live?
My Dremel has about 150 attachments, and came in a nice little case that is about 4 inches deep, 8 high, and a foot long. Where does it live? Darn near anywhere I WANT it to live!
Second: Things I use it for...
Buffing my polymer clay creations. Drilling holes in little funky things I find and turn into unique buttons. Drilling extra holes into standard religious medals, thus turning them into centerpieces for rosary beads at a fraction of the cost of regular centerpieces. Sanding wooden miniatures I make from kits or by hand. Endless little fix-it jobs around the house, most often starting a hole for a screw or nail.
The Dremel is one of God's own creations. Period.