Based on all the positive feedback here, I think I am gonna get one, too. Kudos to lkal32 on this product and support. Here is my homemade "cable cutter." It worked OK, but I want something more elegant!
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Another word of warning when bundling chutes with the tether. Run the ematch lead directly from altimeter to the cutter with plenty of slack and stopper points to prevent the ematch from getting jerked around during descent. Terminal blocks on the outside of the av-bay are not a good idea. They can get slapped around by the flailing bundle, shock cords, airframe, and nose cone, and pull loose or shear off. I learned that the hard way.