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Update 10/27/2005: I got an e-mail from Ron Crumpler who had just completed his 12V trail drill conversion. Here is a picture he sent along. Looks like it was a successful conversion! Thanks for the pic!
Update 11/26/2005: I got a PM from Troy Woodall (aka., River Rat on JU) who finished his trail drill after scoring a DeWalt 12V drill at a local flea market. Here is a picture of his project. Looks like it also was a successful conversion! Troy filled the void in the handle with 3 pounds of glue from a hot glue gun (or maybe it was 3 sticks....either way, it was a BUNCH!) Congrats to Troy on recycling yet another old drill.
Update 08/01/2006: I got an e-mail from Andrew Skaggs the other day. He included a picture of his recently converted 12V drill. It was on the Lowes' clearance table for $7 (less the battery). The cables were $6 and a bit of time in the garage to put it all together.....you can't beat that price for a new 12V drill, ready for the trail!