Low Cost CNC Machine

I've already talked about interesting 3D Printer projects that are trying to make this technology affordable enough for everyone to use (and initiate a new revolution in the way we use/make things).
This project is similar, and aims to create a fully functioning CNC machine for under $400.

Their goal is to gather $15,000 in order to get funded, and everyone is encouraged to contribute even if with just a single dollar.
As you pledge higher amounts, you'll also get better treatment, including a complete CNC machine when you pledge $390 (ready to work for those donating $520) - and for $2,500 you'll get the full VIP treatment with everything you could ever hoped for.