... I use a very weak bleach and vinegar mixture as a no rinse sanitiser, following the "recipe" that Charlie Talley (the guy who invented StarSan) described on a Brewing Network radio podcast a while ago ... I've only used it on bottles, because like kelper explains above once you've got a routine it's not too arduous to rinse
... so everything else gets a soak in stronger (but still weak, 10-15ml per ltr) bleach solution, then rinsed before use ... but bottling is arduous enough without having to rinse steriliser out of bottles
The Charlie Talley "recipe" equates to (he explained it in US fl.oz. and US gals) 1.5 mls of bleach, mixed in 1 ltr of water, then 1.5mls distilled (white) vinegar added ... NEVER mix the bleach and vinegar together directly, that's how you make chlorine gas, which is poisonous, always mix in water!!!!!! ... but you need to bear in mind that he was talking about bleach at 5% hypochlorite, and Tesco/Asda/Morrison's Value Thin Bleaches vary from 3.5-1.0% hypochlorite, so read the label and calculate the correct amount
... and for the mix to be effective, it relies on lowering the pH of the mixture (with the acidic vinegar) so you need to use low alkalinity water
... and on the podcast he explained (if I remember correctly) that when mixed like that it is as effective (if not better) than StarSan, with a similar contact time
I've been using it for around 3-4 years now, and can't remember any infected bottles in that time