I did watch the video and it seems that it does cut fabric and it does look as if it uses the same smaller dies that Accuquilt uses.
There would be alot of "pre-cutting" for this machine it seems. There is enough "pre-cutting" with Accuquilt but it looks like there would be more with this one.
I wonder when Accuquilt comes out with an electric die cutter? Probably just after Christmas and after everyone has purchased the last of the hand cranks. Whaddaya think?