Hi Dave
You will not be disappointed, it will and can do raised panels but you need to get a variable speed control device like the link below, if you want to use the standard panel bits but you can always use the vert.panel bits like the link below without the speed control if you want, but it's nice to have the speed control for other bits as well.
Just a NOTE *** it's always best to make two passes when making door panels with either types of bits,most bits don't need to turn at 24,ooo rpm.to do a nice job plus your bits will last longer and will not burn the stock at a lower speeds and it's safer.
http://www.harborfreight.com/cpi/cta...emnumber=43060
Vertical Raised Panel Bits
http://www.mlcswoodworking.com/shops.../raisvert.html
Undercutter Bits
http://www.mlcswoodworking.com/shops.../raisvert.html
Bj
