Product endorsement:  Motive Power Bleeder

http://www.amazon.com/exec/obidos/search-handle-url/index=blended&field-keywords=motive%20bleeder&results-process=default&dispatch=search/ref=pd_sl_aw_tops-1_blended_17206331_1&results-process=default

Used it over the weekend with spectacular results.  Had to jack the pressure
up to 15-20 psi to get any convincing flow though.  Could have been the old
sludgey brake and clutch fluid (black and nasty).

It's the best thing to come out of Berkeley since pot brownies.