A good micro-power regulator would the LP2951 from National.
Very low quiescent current (75µA typ.),and able to supply 100ma,great for a battery powered project. Run the picaxe of the LP2951 at 3v with voltage divider on battery+ ,and monitor with ADC,run high current devices directly off the battery. Farnells and RS have them (not cheap)... I'm using a 4.2 lithium phone battery for my project,hence the 3v,low batt at 2.8v...I suppose you could set any voltage you want!
Edited by - johndo on 17/07/2006 03:24:16