Good thread. Lots of varying opinions, but thats good. I was hired to sharpen sharpened drill bits for a good size tool and die shop as a summer job. I got extremely good at it, and guys would ask for resharpened bits over new ones. I wish I knew what brand machine they had.
I can sharpen pretty darn well by hand, but I have a drill doctor on my wish list on Amazon. Not sure how it could be worse than eyeballing.