I've used mine a few times since getting it, it definitly cuts nice and easy.
The only thing I don't like is all the razor sharp metal slivers that it makes. These pieces get stuck in everything. Their like little metal burrs.
Guess what I'm saying is that I'll probably keep it around for the really large cuts that ordinarily wouldn't be able to cut with a chop saw or bandsaw.
Elegant, J_J, only improvement I can think of is to put magnet in a baggie so it is easy to remove shards from magnet. Works great. Done right, you might even have all your shards in a bag at the end!