I didn't know it was new, but I do have it. I suspect that I have a defective one though. My corners rarely cut properly. I have tried the foil and the fine sand paper but it doesn't ever manage to cut the edges consistently which is disappointing. But I would be head over heals with it if mine worked as well as my other corner chompers. It so perfect when you basically want squared non rounded edges but want a more polished look to your edges. I mainly use the 1/8 side for this very look.
As I am in Australia I will need to contact the company directly to hopefully resolve my issue. Wish me luck. I really would recommend this 100% failing mine which I suspect I've just been unlucky with
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HTH.