I've been using the cheap, practically disposible, electric razors for a few years now. About once a week I use a regular razor to get the hairs that the electric one misses.
Also someone sent me a pack of these Shavemate Titan 6 razors when I was in Afghanistan. It seems like a gag that it has 6 blades and shave cream in the handle, but it actually was a really good, close shave. The shave cream sucks though. You can get them at Target.