I bought a DeWalt DW849 polisher, $180 is the best price you'll find. It has about 10 different speed settings. I use a wool pad for compound, and the foam for polishing and wax. Buy the pads with a velcro attachment, it makes it a lot easier.
The DeWalt is more expensive than the Chinese brand, but worth it.
The good stuff for polishing is 3M Finesse. I think I ran it between 1800 and 2400 RPM.
[ April 02, 2003, 12:44 PM: Message edited by: rrrr ]