As requested in the wreck...here's a picture of a drill press cabinet I
made. The carcase and drawers are constructed of 3/4" MDF using butt
joints and biscuits. The MDF is cheap, and the additional weight over
plywood helps counterbalance the top-heavy tool.

There is a solid wood brace behind the false drawer front at the top,
and the cantilevered back legs are supported by solid wood braces at the
back and a solid wood strip across the bottom.

The back legs are cantilevered so that if I ever need to drill something
really long I can reverse the head and get a couple more feet of height.

The drawers are hung on 100lb slides.

The cabinet works well, except that since my floor is cracked and not
perfectly level I need to be careful how I place the drill press so that
it doesn't rock.

Chris