I talked with the Accuquilt Company today and they are sending me out a new cutter. It should get here in a couple of days. Their customer service dept has been really great to work with over the past week. I'm hoping my cutter was just a fluke and I won't kill the one coming. I've got mine packed up and ready to go once I get the return order number emailed. I'm wondering if I killed the 1.5 inch die because of a faulty cutter.
Just because my experience has been iffy, check one out for yourself if think you want one. Your best bet is to find a quilt store that has one to see how it works. The 1.5 inch die makes accurate strips so easy and I know I've cut my cutting time for this log cabin quilt.
Fingers crossed that my new cutter will work great for a long time as several people have emailed me to say.