I came across an early drill Dr. at work one time. When i asked the maintenance guy about it he said it never worked right. Being i used a fair amount of drill bits at the time i gave it a shot. Turns out they were just using it wrong. It worked great. After i left that company i wanted one for home so i bought the current one at the time. It honestly only works OK. It is very picky and often does not back cut enough for the leading edge to bite into the material. At this point i use it to get both edges even, then put a little more rake on it with a belt sander.
On the plus side, this one has a removable cover on the bottom to get access to the grinding wheel. It makes a really nice tungsten grinder. Flip the thing over and chuck a tungsten in a cordless drill. I use it way more for that than i ever do sharpening drill bits.