And as with all tools that can easily take a finger/life...
Respect it.
a bit rotating at 25,000 rpm can be quite the deadly weapon. Make sure the bit is secured. I usually turn my on in pulses to make sure it isnt going to hurl out and put a hole in my temple, but thats just me being way to safe.
besides the special-order slot cutter, I tend to stick to Porter-Cable and Freud bits. After a close call with a cheap carbide circular saw blade (flying carbide bits), I only get the name brand.
And I second that a router will open up your wood-working abilities like Aladdin promised Jasmine on that singing carpet ride.
OH, there are a lot of how-to videos online. Just google router videos and you will find a lot. Watch the safety ones too.
and FWIW, dont hold your mouth open when cutting anything. Especially laminate. I'm still spitting out black bits!

joe