Sure thing, I mounted it up today and gave it a test run. The finish is much much better than with the dremel - not a burr to be felt. The quality of the cut is also a lot better, the edges are better defined and more straight.
I am using an old dremel knock off with 2mm of run out (no joke) to run the spindle just to see how it goes. I will be looking at buying a chinese water cooled spindle soon though.
Here are some pics (excuse the messy wires - everything is still temporary)
Here is where the runout is coming from