For what you will spend on a cheap, one, if you plan to use it more than once, buy a real Dremel. Preferably with the flex shaft.
You will be amazed at what all they can be used for and the flex shaft really makes things nicer. The Black and Deckers seem okay, but Dremel is still a bit better made. Another thing is options and replacement parts, Dremel has loads of them, others don't. You may think Dremel is over priced, but their available accessories, spares, and precision (you break and damage fewer disks) make them worth more than the competition.
As for wireless, I would rather have a flex shaft than wireless. You have limited time on wireless, and if you are doing a big case mod, it could take days. The flex shaft lets you into places no other Dremel can reach.
If you will be cutting a LOT, you might want to consider an angle grinder as well. Blades/bits/disks being as expensive as they are, you should consider the cost of them. Which is why I recommend the angle grinder. For larger work, a $20-$40 angle grinder and $5 disk will cut as much as $100 or more worth of Dremel disks. While working on a heavy steel server case (Supermicro), I burned through 5 disks and barely made a scratch before I went and bought an angle grinder. It was faster, and a whole lot cheaper to operate. Noisey as heck though.
Beware the jigsaws and scrollsaws.
As mentioned, one snag and you can destroy a panel really, really fast. The same applies to cutting Lexan/Plexiglass/acrylic with a table saw. My last house still has a nice dent in the back plywood wall, and my stomach still has a small scar from the kickback it caused. None of this happens with grinders and Dremels, at least not at the level where it can hurt you or the panel.