Um...just kidding. Not that kind of island.
This kind of island:
The counter is an acacia wood block that we bought at Southeastern Salvage for $110 (then cut to size) - we had to finish it ourselves with food grade mineral oil, but it was MUCH cheaper than ordering a slab of butcher block from Lowe's for around $450 (by the time you include shipping).
We decided to use wood, since we'd eventually like to replace our counter tops with granite, and we don't want to have to worry about matching the island (since granite is probably still a couple years away).
We love having more storage and counter space now. This island is perfect for us because it's got shelves for our dishes and a few necessities (such as the Crock Pot and toaster), but doesn't take up too much space in our kitchen. The doors open to the same compartment from either side.
Drawers (the one on the right now has spices and the one on the left has Ziploc baggies/plastic wrap, etc...more info when I talk about the pantry):
We recently painted the walls in here and have added a few decorative touches...more soon!