Not owning any Forstner bits, I was looking around for a good price on a 1" or 1½" bit to drill holes for making dowel hangers and found these:
http://www.northerntool.com/webapp/w...2074_200012074
For $23.99 and 14 very good reviews, they sound like the ticket!
http://www.northerntool.com/webapp/w...2074_200012074
For $23.99 and 14 very good reviews, they sound like the ticket!