I bought a cheap $10 multitool at a department store, plus a $3 chain breaker. These have been totally fine for me, the tools are more than strong enough, even working on bolts so tight I had to use a torch to break them loose, I didn't break or bend the tools.
The separate chain breaker is nicer than the integrated ones I looked at.
I also picked up a basic shop tool kit at Nashbar when it was on sale for $35 or so, giving me freewheel tools, crankset puller, individual allen wrenches, all all that jazz.
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Work: the 8 hours that separates bike rides.
Last edited by ItsJustMe; 04-06-10 at 10:08 AM.