Depends on how bad the floor is. Run a straight edge over and at different angles to get an idea. A little bit isn't going to matter much. You can snap a few boards together over the worst part and test it out.
As for cutting, ya, a table saw is going to make it easier for ripping. A circular saw will do if you have to though.
I built one of these and it has come in handy many times. Of course you could go o Surferguy route and buy a fancy Festools one, but I'm a cheap #######. This would work for doing your laminate boards.
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