Yup, I've done it a hundred times, literally, don't ask. I use a tile bit available at lowe's, but I'll bet the HF one is cheaper. One Lowe's bit will do about five or six holes before it's cashed.
Trace the inside of the gasket with a sharpie, then trace that line gently on slow speed with your dremel. This will make a permanent mark for when the sharpie gets washed away. Hold the dremel at a pretty shallow angle, then slowly work your way upright until you punch through the glass. Then just work your way around the circle with an up and down motion. I constantly sprits with watert with one hand while cutting with the other to insure the temp of the glass stays down. It also seems to cut better that way.
good luck! not that you'll need it it's actually pretty simple.