Just picked one of these up from my local. Can't really go wrong for the price. Reviews generally are good.
Featuring 16 torque settings, electric brake, 13mm keyless chuck, soft grip and spirit bubble. Supplied with 1 hour charger, 6 Drill Bits, 8 Screwdriver Bits and a Bit Adaptor.
2 x 1.3Ah Ni-Cd Batteries
13mm Keyless Chuck
16 Torque Settings
The above was copied from the website, and as you may have noticed at 1st it states 1 hour charger, and then 3 hour charger. I can verify it is a 1 hour charger :)