For someone who has dabbled in electronics my first impression is "this is useless". Soldor wick is basically multi-stranded copper wires. You can already cut it with whatever snips you have on your bench.

But Hakko is Japanese i think? They like to release wild products. I remember Makita releasing a microwave oven and coffee maker that uses their battery and has their color scheme.

This submission looks like an ad. If you have a happy story about using the tool, that would probably go over better as a submission to a blog-post or something.