Hmm. I just lucked into $500. I look at my wish list and find three items that I need and that fall below $500.
A nicer circular saw and guide. Amazon sells the Festool with guide for $325. Can that be right? If so, that's good because I cut a lot of 4x8 sheets of Baltic birch and appleply.
A router lift. The nicer ones are over $300. It would be a nice addition to Norm's router table that I'm building. I do a fiar amount of routing.
The Bosch Colt Router for little stuff and laminate trimming. It's only about $140 which would leave enough for a dovetail jig. I'm a huge fan of Akeda but the new Porter-Cable 4200 series is ample for me.....I don't do too many dovetails but maybe I would with a modest jig.