That is a very nice knife/cutter if you get it from Xikar. We had some at the shop and they sold pretty good. We found a cheap imitation and ordered them and they were just that, a cheap imitation, so we sent them back at once.
We never really heard one way or the other from anyone who bougth them whether they actually performed the task of cutting a cigar very well or not but like I said we sold about 30 of them in the course of a year.
So I say go for it. If nothing else its a nice pocket knife and a fine gift in my book.