Thanks for the tip Jeff. I will need to give it a try.
As far as drilling acrylic, I use a bit that has been reground to a tip angle of 60 degrees versus the standard 120.
http://www.plasticsmag.com/features....sue=Sep/Oct-01
Your best bet though is to buy a bit specifically for acrylics. I use these also and find they work the best. I found these with a quick Google search.
http://www.rplastics.com/plasticdrill.html