I'm not a big drinker myself. I tend to fall asleep long before I drink enough to induce a hangover. Some of me mates like a drop though, so this story will be good news for them.
According to the UK Telegraph, the Imperial College in London is developing a synthetic alcohol that will still get you drunk, but won't give you the 'morning after the night before' blues. Future developments may even allow you to get sober by taking a pill.
I dunno about this though. The scientists look like they're modifying benzodiazepines to develop this new alcohol...frying pan into the fire perhaps?