It's also surprising what you can do in a reasonably sized toaster oven (this year I baked three kinds of Christmas cookies in one). We have one that has a timer, a thermostat, and the ability to choose between upper/lower and both burners. It sits on top of the microwave to save space.
You can make toasted sandwiches (and just plain toast), cheese melts, baked chicken breasts, fish and steak, very small casseroles, cookies, banana bread, some types of pie, garlic bread, roasted garlic and roasted red pepper etc.
I also love my rice cooker.