Old Canon manual focus FD lenses don't fit Canon digital cameras because the lens mount on the old cameras was closer to the film/sensor than it is on the EOS autofocus and digital cameras. Thus if you made a simple mount adapter you wouldn't be able to focus on infinity, as though you had a short extension tube on.
Canon did make an adapter that was effectively a 1.2x teleconverter. This only fitted the bigger telephoto lenses, and it was sold only more or less only to professional photographers (who had the big telephotos and didn't want to be forced to buy new (eg 600mm f4) lenses all at once. They are rare, and expensive if you can find one (about $500).
There are cheaper copies of the Canon converter, but they aren't very good (reportedly).
There is however a converter available to mount Canon FD lenses on micro 4/3 cameras such as the Panasonic G1. Note that this would have a 2x crop factor, so your 50mm standard lens would behave like a 100mm portrait lens (vs 1.6x on the cheaper Canon DSLRs).
I have contemplated getting one, as I have an FD 300/4L sitting in a cupboard somewhere (priced at about £1000 just before EOS was announced, though I got it for £350, in Dixons of all places).