I don't have a cold saw(fluid cooled), but I do have one of the new milwaukee dry cut saws, ordered it to my door for under $400 and I love it. It works so well you can cut thin slivers and make washers with DOM tubing. It doesn't leave burrs melted metal on the finished cut, and no big dusty mess either. Plus you can cut aluminum with it if you want, I've tried it without issue.
It is more expensive than the abrasive, but blades last a lot longer. Also, the piece if usually cool enough you can pick it up immediately after you cut it(as long as it isn't a tiny piece), and you spend much less time deburring, etc. I do not want to go back to a chopsaw.
However, the piece to be cut needs to be clamped down firmly, so if you tend to make a lot of funny cuts while holding the piece of metal (dangerous anyway) you cannot do that with this machine at all.
With this dry cut machine you can shave a half a blade width off the end of a piece of steel, no way you can do that with a regular abrasive chopsaw. Also, it cuts at least twice as fast (some say 3-5x as fast) as a chopsaw.
One thing to mention, with many tools Milwaukee and dewalt are comparible, but not this. The milwaukee has a solid cast aluminum base and feels very sturdy, the dewalt unit has a stamped steel base that doesn't even compare.
http://www.milwaukeetool.com/tools/...toff-machines/14-inch-dry-cut-machine/6190-20
http://www.amazon.com/Milwaukee-6190-20-14-Inch-Cutoff-Machine/dp/B00023S336