I should expand on my recommendation: I shot ASC this past weekend and was able to range out to 1300 yards repeatably, easy hits on rocks at a mile, and managed some really long shots off of a tin roof at 3000+
Never needed to steady off a tripod, or found myself needing image stabilization, point and shoot was a no brainer under 1000. This includes angle compensation constantly as well as a lot of targets tucked into trees where the 'distant' target feature was priceless and worked every time. This is my first and only rangefinder and I did not need one to interface with kestrel since I bought in late on the 4500 AB and don't feel like upgrading.
And I can testify that it is indeed waterproof, or at very least had no hiccups after spending an entire day in the rain. It might not have the punch of a multi thousand dollar heavyweight laser, and would give me a 12-30 yard range in heavy mist and rain, however I think that is almost universal and condition specific. In normal, sunny conditions I do not feel handicapped and am extremely satisfied with the performance. They weigh almost nothing, which was a nice surprise and a benefit I wasn't even expecting.
I wanted accuracy, simplicity, and power. I feel like this does everything I ask of it.
*this is about the Nikon black 4000