Inexpensive pendant lamps with drum shades

This portfolio pendant kit from Lowes (out of stock until I checked again recently) has really been making the rounds on blogland.

It appears to be an inexpensive way to get the modern look of lighting with a drum shade with a bit of tinkering.

Check out these blogs for instructions, ideas, and inspiration:

Dittle Dattle

Decorating Cents

Teal and Lime (with tutorial for the lampshade too!)