I have the perfect combination, for me - the DDF40 and the 700 Domino. I use the DDF40 for cabinet work, the Domino for everything else. Being able to drill hardware holes, as well as shelf holes, with the doweller is a bonus. The accessories are fantastic and come in the kit, the build quality is superb.
For general timber work, I prefer the loose tenon approach.
If you do go for the DDF, get a pair of 8.2mm drill bits, if you are using MDF based material.