Steiner's claim to fame (besides producing a very well made and reasonably priced product) was their unique focusing system. Basically, all you had to do was adjust each eyepiece once to match your vision and then you could view objects from 20 ft? to infinity without using any focus knob. In general, the technology works great.
ARGGHH

! Actually, guys, forget about the "Sports-Auto-Focus system." This isn't technology at all, and is misleading. It's a marketing trick and is a feature of cheaper binoculars, or binos which need to be "idiot proof".
In this case, Steiner is actually omitting a very important feature most of us want (a central focusing knob) and marketing it as a good thing. The reason for this is that it's a little more difficult and more expensive to make binoculars waterproof or water resistant if they have a conventional central focusing knob instead of individual focusing eyepieces. -- More holes to seal because of the gearing from the central knob to each eye tube, in addition to the individually adjusting eyepieces.
All binos have individually adjusting eyepieces anyhow to adjust for differences in eyes. This feature was very common for idiot-proof and much abused military pieces at one time. Now, most manufacturers offer excellent waterproof binos with central focusing and great warranties.
There is no magic to this either. You get
exactly the same effect by taking conventional binoculars with a central focusing wheel, focusing, let's say at hills 5 miles away, and then not touching the knob again. With 7 x binoculars, everything from about 60 feet away to infinity should be pretty much in focus (the "depth of field" or "focus range" gets shallower as bino "power" increases, or if you focus closer). It's then a pain in the butt to focus closer because you have to adjust both eyepieces individually instead of one central knob, and your band of focus, being nearer, is much shallower, an inherent property of the optics. That's ok for mariners or some hunters, because those things you want to see are often further than 60 feet away. Most of those older, more conservative designs won't let you focus closer than 20 feet or less anyhow. Most central focusing binos will focus within 10 feet (many to 6 ft), and will let you do it fast -- and then go back to a distance. Also, close-focusing capability is a lot handier than you may think. You'll use it a lot if you've got it.
If your criteria are waterproof, compact pretty economical and good, Steiner, Nikon Mountaineers, Pentax, Swifts, Celestrons, and Ranger Opticals (internet) are all good. I've used or handled 'em all at one time or another and have an old pair of "focus-free" 7x50 Fujinons in my boat.
Cheers!
Darrell