I consider the router only second to the table saw in it's usefulness in the shop. (I used it this week to make a beading element on a shadow box project.) I had a shop built router table in the 80's. I got plans from Woodsmith Magazine. It had a Craftsman router with 1.5 hp. My shop was pretty small and I made it so that it would be mounted on a B&D Workmate. Thus I could hang the table and Workmate on the wall when not in use. I purchased a Rockler router table in the late 80's and upgraded to a Kreg router table when they came out with theirs. Maybe around 2000? (I might have kept the Rockler but in an attempt to make some modifications I really screwed it up.) Anyway I kept adapting the tables to be held in the Workmate, so I can have that floor space when not in use. At the same time I purchased the Kreg table I purchased a Bosch 1617EVS. I like the Bosch router pretty much but I've had the switch go on it twice already. Here are a couple of pics. Note in the first (old) pic , my old Rockler table on the shelf. Also note, I've modified the Kreg/Bosch set-up with an auxiliary shut-off switch.
There are two big disadvantages to my system. 1) You need to set it up each time and then take it apart. 2) dust collection isn't nearly as good when the unit isn't installed in a cabinet. 3) a less important issue is you need to store bits/tools somewhere else - But if you don't have the floor space - this works.
One final note that B&D Workmate is one of the best tools I've ever purchased.