Has any ever tried to freese fondant cutouts to be used at a later time? How did it turnout?
Yes, I place them on a cookie sheet that has a layer of parchment paper or wax paper on the bottom. I place a sheet of wax paper over the layer of fondant cut-outs then place a cake board on top of that (to keep the next layer flat), then repeat this for each layer. The fondant freezes well and you just need to keep the cut-outs covered while they defrost.
Sorry haven't actually done this myself, but, I know of someone who has done this and they stay flexible ready for use once taken out of the freezer...
At least one can do all your preparation work ahead of time..