DBDesigner at FabForce.net is a free, fully featured, easy to use tool.
DBDesigner 4:
DBDesigner 4 is a visual database design system that integrates database design, modeling, creation and maintenance into a single, seamless environment.
It combines professional features and a clear and simple user interface to offer the most efficient way to handle your databases.
DBDesigner 4 compares to products like Oracle's Designer, IBM's Rational Rose, Computer Associates's ERwin and theKompany's DataArchitect but is an Open Source Project available for Microsoft Windows 2k/XP and Linux KDE/Gnome. It is release on the GPL.
It's successor, MySQL Workbench, is worth a look too.
MySQL Workbench is a next-generation visual database design application that can be used to efficiently design, manage and document database schemata.