These folks have developed an ice auger attachment that blows ice shavings away from the hole as it is being drilled and will clear the hole of slush as it is being completed. It is not supposed to bog down the engine.
The shroud works with Strikemaster, Jiffy and Nils Master.
Ice Hogger Company Website
http://www.icehogger.com/
Some YouTube videos:
http://youtu.be/UuKiTUirEG0
http://youtu.be/dJfLIkFhXjk
http://youtu.be/TudkEjuJD48
Here is a youTube of the shroud mounted on a Nils Master auger since they don't have such a video on their website.
http://youtu.be/KH_x8hXCDZk
Can you imagine how much time and hassle this device would save!