Death: the ultimate freedom, or the ultimate lack of freedom?

Both. Depends on the circumstances.

It frees you of some things, but cuts you off short of others.

You can't answerr that question without knowing what comes after death.
If hell exists, and people go there when they die, I don't think it's very freeing.

if you define freedom as the amount of possible actions or courses available to you at any one time, then death pretty much hits the spot as "lack of freedom". After having ended, there is nothing left, so...

Absolute Freedom and bliss. :-)
I really can't wait till I die.

Freedom!

why don't you just worry about now? And whatever happens your not gonna know anyway.

Assuming that you'd be free of your ego, you'd be free of all your needs and desires. Hence freedom.

It depends on what happens after death. If death is the end, then it is definitely lack of freedom.

Looking at it from when i had depression, and wanting to kill myself - death was the only way to escape my life here, so i thought it was the Ultimate freedom, and even tho i am better now, i still believe that.

Note: i am not religious, nor hate religeon