Hi, I've been working on a kind of drawing machine for a while now. It's a type of flatbed plotter that can draw with brushes etc. similar to a typical CNC router. The main difference is that it's built for speed rather than for the force needed for routing.
We have been using it in our studio to make posters etc. and it's starting to work quite well. I have some images and videos online here:
http://www.flickr.com/photos/worldreceiver/sets/72157622815511236 This gallery is not completely up to date, but it gives you an impression of what I'm talking about. The speed and precession have been increased, so the current version I'm working with is faster, smoother and more stable. All the vibration you see in the videos is gone now.

The whole setup consists of software that convert SVG files into motor commands, Reprap style electronics with custom firmware and the hardware. We have also designed some beautiful single stroke fonts for the machine and incorporated support for those fonts in the software.
All the parts are based on open source electronics and software: OpenFrameworks, Arduino, Reprap, etc.
I have been thinking about cleaning up my designs and making it completely open source, maybe even offering kits, but the XY part has been difficult to get really stable and user friendly. A friend pointed me to the MakerSlide and it looks just about perfect for my project. Are you still offering the funding for projects like mine?
best,
tim.