A versatile miniature de Broglie waveguide is formed by two parallel current-carrying wires in the presence of a uniform bias field. We derive a variety of analytical expressions to describe the guide and present a quantum theory to show that it offers a remarkable range of possibilities for atom manipulation on the sub-micron scale. These include controlled and coherent splitting of the wavefunction as well as cooling, trapping and guiding. In particular we discuss a novel microscopic atom interferometer with the potential to be exceedingly sensitive.