I did a quick search recently and found that you can actually get your hands on a good die cutter for about 100$. I found a page that describes the pro and cons of 4 different cutters:
http://www.craftcritique.com/2008/02/comparing-die-cut-machines-final.html
First, I do not really understand how they work. It seem that the machine is used to pressure the die on the material to cut, but I am not sure if you cut a whole page at once or only section.
Second, there seem to be many different kind of dies available in various shapes and pattern, but there does not seem to be any basic rectangles, hexagon or circles which is most often used in board games.
So I just wanted to know if any of you had any extra information or if has used one of the cutter found in the link above.
The "Big Shot" model seems like a good quality model for it's price.
One of my friend has an electronic die cutter. I think it should be the way to go considering that I have not seen many dies which are 8 1-2 / 11.
I don't know much about them. From what I remember my friend likes it because it does not like cutting. Apparently, you can cut through some material of average thickness.