I have about $300.00 to spend on a new tool.  I currently have a table saw, band saw, joiner, drill press, and 6x48 sander.  My question is which tool do you feel would be of most benefit.  I am kind of thinking of a oscillating spindle sander.  Suggestions?

An oscillating spindle sander would be a wise purchase.  It is probably my most used power tool when building a bow.

Grizzly has a good table top model for only about $150.  You'll have money left over to buy more bow wood/laminations  

Rigid Oscillating Spindle/belt combo hands down!

Im with Apex, its the best bow making tool I own...usually $200 at Home depot...and sometimes you can find a reconditioned one online for cheaper online...get some 36 grit blue Norton sandpaper and you can shape a riser in no time at all.  I use mine almost every day for something.

I'll have to vote for the rigid also- great tool.

Thank guys.