Okay, so the tool came in. Specifically, I got this type (3/32" dia)...
http://www.cogsdillenterprises.com/BurrZit.html.
I've tried it on about 20 holes so far, and I must say it works beautifully! ... with a couple caveats though...
First, I noticed that the purple-black coating (TiAlN) came off after just 3 holes (it became silver colored again, and looks like the coating came off, rather than just having some aluminum stuck on it etc.) I need to ask them if this is normal, as I've never used any type of TiAlN tool bit before.
Second, if the inner face of the drilled hole is not completely perpendicular to the hole, it will leave a burr on one size of the hole. However, retracting the bit a little slower takes care of that (by lengthening the chamfer).
Overall I am *very* happy with this tool, and somewhat ticked off at myself for not knowing about this before!
Thanks for this info guys!
Cheers,
-Neil.