Harbor Freight has the Chicago Electric Power Tools 67537 Variable Speed Oscillating Multifunction Power Tool for $46 - 10% off with coupon code WINTER10 + $7 shipping = $48 shipped. Features 10K to 20K oscillations per minute, and includes 3" triangular sanding pad with 2 sanding sheets, half-moon cutting blade, angle scraper blade and angle cutter blade.
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Check the Porter-Cable Outlet on eBay for a refurbished model for the same price. It is more powerful, more accessories and has a unique locking mechanism which is effortless. Worth a look. Porter-Cable is now part of Stanley Tools.
If you don't need variable speed, you can find just the one speed for $20...I have one and is a great tool to have around
My friend bought one of these but his wife keeps taking it... He's not sure why...
The $20 one is awesome! Better than a refurbed Porter Cable at twice the price you moron.