A couple questions on Leupold Compact telescopes:
1) Do they still sell them? I can hardly find them advertised.
2) How do you like them? I have a 3-9 and a 2-7 and like them both. However, I find the 2-7 extremely sensitive in adjustment that is a cause of frustration.
Mine are atop a Sako 221 FB and 6x45 respectively.

Leupold still makes them. They are called Ultralights now. Here's a link:

Leupold Ultralight Scopes

I have the 2.5-20mm and a couple of the 3-9x33mm EFRs. I like them.

I have one of the original 3X9 compact scopes.
I have hunted with it a good bit and have used it at the range a lot.
My range use had shown a characteristic that I would never notice in field shooting. As you get into the last 1.5 hr of day light the low light combined with the 9x power setting loses a lot of resolution. Basically as my eyes dilate the image becomes dim and fuzzy. I have noticed this with this scope a dozen times. During the same range trip I was also shooting a BPCR with aperature sights and a rifle equiped with an equivalent vintage Burris 2X7 Fullfield. Both scopes are about 20 years old.
The Burris was set at 7X and it's image was much brighter and sharper than the Leupold.
I was able to manage a useable sight picture witht he aperature sights longer than with the Leupold.
However for hunting with the magnification set at 3X the Leupold still worked fine. The longest shot I ever tried on whitetail was made with that scope cranked up to 7X in mid morning light.

Karoo:

I own a number of them in 3-9, 2-7, 4x, and 2.5X. I like them a great deal and find them a marvelous match for the little L461 Sako receivers.

As with any size/weight reduction, there are always optical and mechanical trade-offs. The eye relief/position is a little more critical on these than on full-sized Leupolds, and of course their exit pupil is proportionally smaller due to the smaller diameter of the objectives. This is only a disadvantage when turned to higher magnifications. For example, if the 3-9x33 is turned down to 6X or below, it will still have as large an exit pupil as most people's eyes can use.

When you speak of "extremely sensitive in adjustment", I assume you are talking about the internal W&E adjustment of the crosshair. Yes, Leupold is famous for having very coarse adjusments in some of its lower-powered and compact scopes. With Leupold, you never know just how the adjustment scale is calibrated. The Compact models do move the crosshairs a long way with a relatively small movement of the adjustment knob. They will still adjust rather finely, it's just that you have to be very conservative with how far you move them.

I [think that the newer Ultralight series (which is somewhat pricier) has a slightly larger ocular bell. This helps give more latitude in eye placement, but it also keeps you from mounting them as low in some applications.

I still find Leupold Compact scopes fairly reguarly on ebay, but many of the Vari-X IIc scopes are mislabeled as "compact" because the sellers misinterpret the "c" in the IIc line. An actual Compact model will have the word "Compact" written on the objective bell.

Thanks for the info and I'll hang on to mine.