Here's the email people who placed "pre-orders" received:

Hello.

We love that you liked the i.Saw enough to pre-order.

Truth is, you already own a chainsaw. Your keyboard.

Help save more trees by cutting down on unnecessary printing. Download PaperCut, a free application that plays the sound of a chainsaw each time you press Ctrl-P.

Available for Mac and PC.

Thanks for the support. Help spread the buzz, if you will :)

PaperCut Team
(formerly known as i.Saw Team)

This is my kind of prank: it was clever, harmless and didn't disrupt anyone trying to do their jobs or harass anyone. Instead, it gave us a fun diversion with the goal of having us pause and thing about an issue with real merit. Good on you, PaperCut. Those douches at PETA could learn a thing or two from you. [PaperCut]

Go to the brand new iSaw website and you'll discover the engineering mastery that goes into such a nonexistent but lethal USB device, including "Instant plug 'n' play. Zero startup time. [And] Patent-pending technology [that] allows for an unparalleled distribution of power." You'll also note that the 3/8" saw chain is meticulously labeled as part no. 31170—an important point for industrial users.

I actually "pre-ordered" the $59.95+shipping iSaw, which only required a social security number along with three credit cards and a cosigner. Luckily, I received order confirmation immediately:

Congratulations! You will soon be the proud owner of an i.Saw.

We have taken note of your no-obligation pre-order. You will be contacted as soon as the i.Saw is ready. Payment will only be required just before shipment.

Please tell your friends about the world's first USB powered chainsaw.

At your service,
i.Saw Team

Until my saw comes in, I'll enjoy the complimentary iSaw wallpaper available on their site. After my saw comes in, I'm gonna rule this place. [iSaw via Gadget Lab]