Altair, Vega, and Regulus A are perhaps the most famous examples of stars that have been "flattened" by rapid rotation. Some studies (mentioned in Yoon et al. (2010) suggest that Vega is rotating at 70-90% percent of the speed at which it would break up (its rotational velocity is about 20 km/s). Regulus is even closer to this breakup speed: If its rotational velocity increased by 15%, it would break up (see McAlister et al. (2005)).
The critical (tangential) velocity - the point at which material will start to form a disk - for a star of mass $M$ and equatorial radius $R_e$ is given (see Townsend et al. (2004)) by
$$v_c=\sqrt{\frac{GM}{R_e}}$$
This should look familiar - in fact, it is $\frac{1}{\sqrt{2}}$ times the escape velocity. Van Belle et al. (2001) came up with a slightly different expression by accounting for the relationship between angular velocity and radius. Other models to exist, generally in different proportions.
Here's an artist's rendering of Vega compared to the Sun:
Courtesy of Wikipedia user RJHall under the Creative Commons Attribution-Share Alike 3.0 Unported license.