Look at the motor specs -- my 25+ year old Dremel has a 90W motor; the newer ones are about the same. The Proxxon unit has only 100W; I doubt it's any better cooled.
I'd suggest looking for a cheap router table and mounting decent router under it. You don't need plunge, probably don't care about speed control (or you can add it externally, for $20 or less, with a unit from Harbor Freight), but you do want a 1/2" shank capability (but with 1/4" collet as well) and some horsepower and cooling. A $90 router will do the work of five $60 Dremels, and outlast the lot -- and that's a CHEAP router.