Dear toolmetal,
Just my two cents before you spend any money at the toolstore...if it is not too late.
I have cut loads of 1/8" wall Al. sections of similar sizes on my Dewalt compound mitre saw using a Dewalt non-ferrous blade, with usual success.
The rules I follow are to clamp the non-cut-off end firmly, and also the cut-off end if I can. The problem is that if you want a 1/2" slice, there is no way you can clamp it under the motor side of the saw. What happens is that the thin slice has no rididity during the cutting process, distorts and tips, from the top side into the rotating blade, and you get a classic kick-back. This tends not to happen with longer slices because they are more rigid. With thicker wall sections you will have better results for the same reason. One solution could be to enclose the tube externally in an external MDF sleeve similar to Geof's idea. You can do this fairly easily even with round tubing, but I have never tried it.
BTW, a possible reason for motor smoke is that the Al. chips end up inside the motor through the motor ventilation slots. The guy at Dewalt in the UK suggested finding a friendly lady who might donate a pair of stockings. You just put the stocking over the motor body to stop the chips getting in. Probably best to ask someone you know well or you might get a slap in the face...
Best wishes,
Martin