The album was re-issued in 2006 and 2008, just before the legendary band's reunion concert. On September 7, 2010, the album was released on digital download through iTunes and Amazon.com MP3 Download.
Upon release, Cutterpillow received positive reviews from music critics, most of them pointing out the more mature and cohesive, brimming with enjoyable, substantive songs.
In retrospect, David Gonzales of Allmusic gave the album four and a half out of five stars, noticing the more substantive sound with only a touch of "kiddie pop", where he described their previous record Circus as "lightweight and superficial". He applauded the song "Back2Me", saying "[the song] moves on a punkish vibe, the reverb-drenched guitars overlaid with the vocalist singing a catchy, snappy melody reminiscent of Green Day. He further described the opening reverb-edged guitar figure of "Waiting for the Bus" as "enchanting, as is the song itself, highlighted by a rapturous chorus". He likened the song "Poorman's Grave" and stated "In fact, there isn't a bad song on the album". He also compared "Ang Huling El Bimbo" to that of The Beatles, and added "This is a fine, enjoyable album, one of the best ever made in the Philippines.
Most of the songs became common staples in video bars, and some were used in advertisements in the Philippines, most notably Overdrive, used by Universal Robina for one of their products, and Ang Huling El Bimbo, which was featured in a McDonald's commercial.
The album debuted at number one on the Philippines nationwide album chart, with first-week sales of more than 125,000 copies sold. Sales figures for the first week are the highest of the band's career. The album was certified quadruple platinum in 1996, having shipped more than 175,000 copies in just under a month after its release, becoming the fastest selling album in '90s era. In 2012 this album accredited eleven times platinum by the Philippine Association of the Record Industry (PARI). This album holds the record for the most number of copies sold by a Filipino band of all times and second to Westlife self-titled album for best selling album by a band in the Philippines.