No, I had mis-cut a 10" strip at 9" so used it to experiment. The die was 6.5" square, so I got a 6.5 " strip, a 1/2" strip and a 2 inch wide strip out of it. I probably won't use the .5" strip, but the 2" strip will definitely find a home in a quilt one of these days.
I think that fabric waste can be minimized by planning ahead. My 9" 'mistake' strip was cut straight. If it had been off in any other way, there may have been more waste.
My sister is cutting some odd shaped scraps from my Mom's stash into 4.5 inch patches, so someone will get a cute little scrappy quilt in the future. So I think this pricey device will get a lot of use.
Fibro and arthritis sometimes make it very uncomfortable to cut fabric, so I am thrilled to have lucked into this deal, believe me!