It pains me to give this such a poor rating, since I spent the extra money on it in the hopes that it eliminated all of the shortcomings of its predecessor, which seemed to be the consensus in other reviews. To be fair, for the most part I am impressed with this little stand. It is light yet solidly built, with very little slop or unwanted travel between the machined parts. And oddly it is because of this that the two things I have noticed really stick out. They are awful in comparison to the overall feel and function of the stand.First and worst is the fence that travels along the slot seen at the right of the table. When tightened, it is fully 1/8" out of square with the base. Mind you, the base is only 4 5/8" wide. That is inexcusably sloppy (see green arrows in photo.) Did anyone even quality check this? It's unbelievably bad, and there is 1/16" of wobble with the fence completely tightened. The fence is not a machined part. I believe it is cast zinc, which is where the slop comes from. There is a poor relationship between the projection on the bottom of the fence and the slot machined into the base that it is supposed to grab when tightened. As far as I can figure there is no real consequence to this as far as drilling is concerned, since whatever work is being slid along the fence would still end up with holes drilled parallel to the fence, but it is so very annoying to a person most likely to buy such a thing--that is, a person who makes small, precise things. It is hard to look at, and causes my anally retentive side a lot of anguish.Second is the yellow line (decal) that serves as a reference point for setting the angle of the drill mount. Just silly. It is enormous and without any kind of taper or point of reference to give it a tight relationship with the adjacent degree marks on the drill mount. In other words it is useless for calibrating a zero or 90 degree angle. This is actually pretty important, and goes to one of the biggest reasons one buys this thing in the first place--to drill perfectly plumb holes, and anyone who uses a drill press will know why having the drill bit at anything but zero or 90 is a big problem So yeah, one might want something a little more accurate than a sloppily applied decal. I promptly removed it. Wasn't difficult. I'll replace it with an arrow, or even better, an adjustable point of some kind that allows periodic calibration, like those found on better chop saws. Proxxon should give some thought to doing the same. The good news is that the parts fit so well together the stand lends itself to proper calibration.The thing about making well made stuff is that it really stands out when something sucks. On the whole this little stand is awesome, and I couldn't be happier with all the other things about it I didn't mention because I can't stop obsessing over that awful off-square fence.EDIT: I'm raising my review by one star, as I discovered that the off-square problem stems from sloppy paint application on the above mentioned fence. I scraped off some excess chrome paint on the bottom of the fence that I discovered was causing the problem with alignment. Nonetheless, this is poor quality control on Proxxon's part, and shouldn't have happened. It is still a nice stand, and I wish I could give it 5 stars, but it is off-putting that a company touting itself as a well made alternative to other products does not put in a little extra effort to ensure well manufactured tool. And as others mentioned, the tightening mechanism where one mounts the rotary tool is a silly oversight, where one must crank it extra tight or not tight enough to keep the effort arm from getting in the way of drilling. All they would need to do is change this to a geared type of tightener with an internal spring that allows the shaft to disengaged by pulling it away from the clamp, and then re-engaged at the desired angle. It smacks of lazy design.