Don't forget to make a dam around where you want to drill. Plumber's putty works really well for that. Some people use anti-freeze to fill the dam...that makes me nervous, so I always used plain water.
Don't try to push the drill straight through. Press for a couple of seconds, then pull back to let the water in and cool the glass and the drill. I like to keep adding water to keep it cool. Also, if you've got the tank on it's side, put a towel underneath to cushion it, and another on the inside of the tank - when you drill through, the glass circle will fall out onto the towel instead of right onto the glass, keeping it from cracking from the impact.