I just finished reading Gentle birth, gentle mothering by Sarah J Buckley and she discusses this topic in some detail and i have to say i wouldn't do it now. I wasn't aware of the risks associated with cutting the cord early and the fact that there are few illnesses it can cure especially for your own baby. Of course i feel for any sick child that could benefit from it, but i'm sorry, not at the expense of my baby's health.
I honestly don't know with my first how long after the birth the cord was cut, but having done a bit more reading on the topic this time around it is a question and issue that i will definately be discussing. I am more than happy to have a "messy" baby and cord all over me for a few minutes while I help my baby make the transition from womb to world.