I have the original We R Memory Keepers Alphabet Punch Board and I love it so when I saw the mini on HSN, I knew I would have to have it as well. The mini is super compact in size as are the letters it creates. I like the mini best for cards and scrapbook pages. It's a sturdy tool (great for taking to crops) and yes, it works on glitter paper with ease. The slicing blade is very sharp--be aware.
I wish that in addition to being able to cut a banner end on each letter, there was also a way to cut a rounded end on each letter. For now, I just use the corner chomped to do that.
I also found it kindof amusing that the chipboard ABC "sample" included in the packaging is not actually the size as the letters that this tool cuts. It's supposed to be a sample but yet, it's not. Weird.
I love this powerhouse of a tool. :)