I just did that myself with my new layout. After carefully measuring marking the line I wanted to cut, I discovered that if you look on the bottom side of the track, there are already marked corners that just snap off manually. This on the 2" straights I was using anyways... It was clean, and easy!

Joe, I have a double mainline oval with the inside oval diverging into a figure 8 for reversing purposes. Both loops are connected via a crossover section of 4 switches. I wish Bachmann would offer a double crossover #6! I have an interchange track siding off of the outside oval, and a couple of sidings inside the figure 8 loops. It is HO scale, 5' x 9'.