I haven't tried it. But it only cuts up to 12 inches or so in length if you look at it. (It looks like the old ones did 24) If you wanted to cut 2 1/2 strips WOF you would need to fold it correctly to avoid the little hills and valleys at the fold mark and be very careful to check that you didn't lose anything when you moved fabric.. I have an old June Taylor "Short Cut" ruler that will only cut 12 inches wide, but you can cut as many strips as you can get in 12 inches without moving fabric or ruler. But I don't have any hand issues with cutting.
This one is on O.co (overstocks.com) for about $37 today