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A rotary cutting tool includes a housing and a motor provided within the housing for rotating a cutting accessory coupled to the rotary cutting tool. The rotary cutting tool also includes a plurality of light emitting diodes for illuminating a point of cut of the rotary cutting tool. Each of the plu

A rotary cutting tool includes a housing and a motor provided within the housing for rotating a cutting accessory coupled to the rotary cutting tool. The rotary cutting tool also includes a plurality of light emitting diodes for illuminating a point of cut of the rotary cutting tool. Each of the plurality of light emitting diodes have a central longitudinal axis, and at least one of the light emitting diodes is couple to the housing such that the central longitudinal axis of the light emitting diode is not parallel to a rotation axis of the cutting accessory.

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1. A rotary cutting tool comprising:a housing; a motor provided within the housing for rotating a cutting accessory coupled to the rotary cutting tool; and a plurality of light emitting diodes located proximate the cutting accessory for illuminating a point of cut of the rotary cutting tool and for

1. A rotary cutting tool comprising:a housing; a motor provided within the housing for rotating a cutting accessory coupled to the rotary cutting tool; and a plurality of light emitting diodes located proximate the cutting accessory for illuminating a point of cut of the rotary cutting tool and for directing light away from the housing, each of the plurality of light emitting diodes having a central longitudinal axis, and at least one of the light emitting diodes being coupled to the housing such that the central longitudinal axis of the light emitting diode is not parallel to a rotation axis of the cutting accessory; whereby the light emitting diodes when illuminated act to provide enhanced visibility at the point of cut. 2. The rotary cutting tool of claim 1, wherein the plurality of light emitting diodes are mounted within the apertures such that the central longitudinal axis of at least one of the light emitting diodes forms an acute angle with a central longitudinal axis of the housing of the rotary cutting tool.3. The rotary cutting tool of claim 1, wherein the plurality of light emitting diodes comprise two light emitting diodes.4. The rotary cutting tool of claim 1, wherein one of the plurality of light emitting diodes emits a first beam of light and a second of the plurality of light emitting diodes emits a second beam of light, wherein the first and second beams of light intersect at the point of cut when the rotary cutting tool is in operation.5. The rotary cutting tool of claim 1, wherein the plurality of light emitting diodes are turned on automatically when the motor is in operation.6. The rotary cutting tool of claim 1, further comprising a depth guide attached to the housing to set a depth of cut of the rotary cutting tool.7. The rotary cutting tool of claim 1, further comprising a cutting accessory coupled to the rotary cutting tool, wherein at least one of the plurality of light emitting diodes illuminate at least a portion of the cutting accessory.8. The rotary cutting tool of claim 7, wherein the cutting accessory is a tool bit having a cutting edge helically wrapped around the tool bit.9. The rotary cutting tool of claim 1, further comprising a fan coupled to the housing to direct air to the point of cut.10. The rotary cutting tool of claim 1, further comprising a detachable handle coupled to the housing.11. The rotary cutting tool of claim 10, wherein the detachable handle includes a trigger switch for activating the motor.12. The rotary cutting tool of claim 1, wherein the housing includes a plurality of apertures and each of the plurality of apertures includes at least one of the plurality of light emitting diodes provided therein.13. A rotary cutting tool configured to form lateral cuts in a workpiece, the rotary cutting tool comprising:a housing; a motor provided within the housing; a motor shaft coupled to the motor, at least a portion of the motor shaft extending from the housing and configured for coupling to a cutting accessory; a plurality of light emitting diodes for illuminating a point of cut and for directing light away from the housing and provided proximate the portion of the motor shaft extending from the housing, each of the plurality of light emitting diodes having a central longitudinal axis; and a plurality of apertures provided in the housing, wherein at least one of the plurality of light emitting diodes is mounted within each of the plurality of apertures; wherein the plurality of light emitting diodes are mounted such that the central longitudinal axes of the plurality of light emitting diodes are not parallel to an axis of rotation of the cutting accessory. 14. The cutting tool of claim 13, wherein the plurality of light emitting diodes comprise two light emitting diodes.15. The cutting tool of claim 13, wherein the plurality of light emitting diodes comprise more than two light emitting diodes.16. The cutting tool of claim 13, wherein the central longitudinal axes of the plurality of light emitting diodes intersect an axis of rotation of the motor shaft at a point spaced away from the housing.17. The cutting tool of claim 13, wherein the plurality of light emitting diodes are turned on when the motor is activated.18. The cutting tool of claim 13, wherein each of the plurality of light emitting diodes emits a beam of light, and wherein the beams of light intersect at a point spaced away from the housing.19. The cutting tool of claim 18, further comprising a cutting accessory coupled to the motor shaft, wherein the beams of light illuminate at least a portion of the cutting accessory.20. The cutting tool of claim 19, wherein the beams of light illuminate at least a portion of the cutting accessory at a point of cut.21. The cutting tool of claim 13, further comprising an adjustable depth guide for setting a depth of cut of the rotary cutting tool.22. The cutting tool of claim 13, further comprising a rotary tool bit coupled to the motor shaft, the rotary tool bit having a helically-wrapped cutting edge.23. The cutting tool of claim 13, further comprising at least one air vent formed in the housing for directing a flow of air toward the point of cut.24. A hand-held rotary power cutting tool comprising:a housing having a motor provided therein, a shaft extending from a first end of the housing, the shaft being coupled to the motor and configured for coupling to a cutting accessory; at least two light emitting diodes mounted at the first end of the housing to direct light away from the first end of the housing and to illuminate a point of cut; wherein the at least two light emitting diodes each have a central longitudinal axis and are mounted such that the central longitudinal axes of the light emitting diodes are not parallel to a rotation axis of the cutting accessory. 25. The hand-held power tool of claim 24, wherein the central longitudinal axes of the at least two light emitting diodes are at an acute angle relative to a central longitudinal axis of the housing.26. The hand-held power tool of claim 24, further comprising means for attaching a cutting accessory to the shaft.27. The hand-held power tool of claim 26, further comprising at least one of a cutting tool bit and a cutting accessory coupled to the shaft.28. The hand-held power tool of claim 24, wherein beams of light emitting from each of the light emitting diodes overlap at a point spaced away from the housing along the central longitudinal axis of the housing.29. The hand-held power tool of claim 28, wherein the point spaced away from the housing corresponds to a point of cut in a workpiece.30. The hand-held power tool of claim 24, wherein the light emitting diodes are turned on automatically whenever the motor is activated.