I could have sworn I've seen this bit but I can NOT find it in any of the catalogues. Basically it's an edge treatment for a cabinet door that rounds over the top edge while cutting a 3/8x3/8 rabbetted lip on the underside.
I know I can do it in two passes with a roundover and a rabbett bit but I'm positive I've seen it in one.
Of course, I've been positively wrong before--- :)
Thanx!
Vic