It took awhile (as well as the skin from my fingertips), but I finished the wood floor in the basement.
Put in an engineered wood floor from Lowe's ($1.99 a square foot) - total budget was about $700 for the 300 square feet, once you figure in the tools and cost of glue. Obviously the interlocking floor that floats is easier, but it was also a bit more expensive and needed to be special ordered.
The main room took about a day and a half, while the smaller inner room was pounded out in a about 2 hours (I got better in time).