Fiskars Ultra Shape Xpress

Ooolala! I love this!
The Fiskars Ultra Shape Xpress is a freehand cutter that slices through paper in any shape you like effortlessly.

From Fiskars website:
This new, simplified design revolutionizes shape cutting. With its ergonomic shape, the Fiskars® Ultra ShapeXpress™ is easier to hold, and SoftGrip® technology adds comfort. The freehand spacer allows for a quick switch between template and freehand cutting. The fine tuning dial adjusts blade depth for different paper thickness and personal preference. The new drop in blade replacement with arm lock allows blade changes without affecting depth.

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