A new modifier is in development for Blender by Campbell Barton, and it`s called Lathe. The objective of this new tool is to rotate an object to create something like a revolved surface.
It`s still in development, but a test build is available at graphicall.org. You can download the experimental build for windows here:
http://www.graphicall.org/builds/builds/showbuild.php?action=show&id=425
And information about the development here:
http://projects.blender.org/tracker/index.php?func=detail&aid=6838&group_id=9&atid=127
I`ve made a video to show how the Lathe modifier works, hope you like it.
[ev type="youtube" data="QYpRLSEwaXk"][/ev]
