Well, when I read this I was at work (I missed this thread last night) so I couldn't reply properly.DanF, Pharaoh, jcardona1 where you guys at? You have some creative drips going to, lets see them!
To start out, I don't drip, I change my water automatically.
I currently have three different automatic water-change systems running. Each is a bit different in execution, but all share the same basic principle, which is somewhat backwards from anything else I've seen on the forum (or anywhere else, for that matter).
Rather than a drip/overflow system, I use a float valve to fill and a pump to remove wastewater.
The advantages of this method are:
Flexibility of location - While traditional drip/overflow systems require a graded drain (sloped towards the exit, or gravity-fed), this system can be placed below grade without the use of a float-switch operated sump-pump (which fail at a notoriously high rate). In fact, if the discharge point is higher that the water level it actually simplifies the plumbing, as you don't need an air-gap (AKA a vacuum-break or syphon-break).
Ease of adjustment - In two of my three systems the amount of water changed is regulated by a digital timer (the normal six on/off setting type sold at Home Depot). Changing the amount of water changed per day is as simple as pushing a few buttons.
No drilling needed - Two out of three of my installations are in standard undrilled glass tanks. By using a bracketed float valve you can do an automatic water change without using a drilled overflow or an over-the-back overflow. This can be done DIY, but there is at least one affordable ($30) bracketed float valve sold for aquarium use, the Eshopps float valve http://www.petsolutions.com/C/PVC-Valves/I/Eshopps-Float-Valve.aspx This unit has problems that can be overcome, but more on that later... Jehmco also sells a number of different float valves that can be configured either horizontally or vertically. If your tank/sump is acrylic, it is easy enough to drill the small diameter hole necessary for a through wall float valve, eliminating the ned for a bracket.
Very little chance of flood - Float valves are very, very reliable. Think about how many flushes the typical toilet sees over its lifetime...
No emitters to clog - any low flow (> ~5GPH) orifice is very susceptible to clogging due to particulate matter and/or mineral buildup.
^ All that said, nobody else seems to be doing it my way, so I may just be backwards.
I will post some photos/descriptions of each system tomorrow, unfortunately I have a couple sick kids tonight that won't allow me the time...