I wouldn't say it cuts like wood. You can cut with a regular blade, but after a few cuts it will more dull than a butter knife. The stuff does make a lot of dust that's for sure. I believe they make shears for cutting the stuff, but I haven't used them. Look for siding shears. I've only done 1 complete house with the stuff.
Siding shears: http://www.google.com/products/cata...ct=result&resnum=1&ved=0CBAQ8wIwAA#ps-sellershttp://www.coastaltool.com/a/port/6605.htm
Siding shears: http://www.google.com/products/cata...ct=result&resnum=1&ved=0CBAQ8wIwAA#ps-sellershttp://www.coastaltool.com/a/port/6605.htm