From the Kickstarter page:
What is the Othermill?
The Othermill is a portable, computer controlled, 3-axis mill that is specifically designed for use at home or in a small workspace. Our objective is to build a mill that is compact, clean, and quiet enough for use at home, yet is precise enough for high level electrical and mechanical prototyping work. The Othermill will be at home on your desk, in your workshop, or on your kitchen table.
What Can You Make With the Othermill?
With our mill, you can produce custom circuit boards quickly and cheaply. You can make all your projects light up, beep, and move. Wearable circuits, custom guitar effects pedals, and quadcopter electronics are all within reach - without waiting for boards to come back from the manufacturer. Even though the Othermill is optimized for cutting circuit boards, it can also cut metal, wood, wax, and plastic. It is great for engraving and milling 3D shapes for jewelry or mold making
Milled PCB and watch electronics in 3d printed case