Ok Mark, last night we ripped a respectable sized pile of strips. After the first 5-8 strips we really got the hang of it and from then on cutting perfect strips was a no-brainer. It was very easy to just walk the skilsaw along the plank. Dont think we will bother with setting up a table saw after this experience. Our kayak building/designing friend was spot on with the skilsaw. Hopefully the rest of his "easy-strip" building methods are as good. I.e. we are not going to glue the strips together individually but do them all in one go once they are in position.
Next up for ripping are a few 2x4, to make up the sides. Hopefully they are as easy to do as the thin strips.