The fumoto valve is a ball-valve that replaces the drain plug on the oil pan. I just installed mine tonight. I got it primarily because you can attach a length of tubing to it and it makes it a little cleaner. But its also nice not smashing knuckles getting the drain plug loose.

In other news, changed my oil for the first time today. Didnt think it was so bad, but I had really low expectations given the postings here about it. I was going to take pics but it was getting dark and the pics werent coming out. Maybe I'll create a photo walkthrough next time, but I think itll be a while.