LAST EDITED ON Aug-10-05 AT 04:35AM (MST)[p]The Nikon XL II is only multi coated but has an awesome set of lenses in it. It also has a nice lens shade built in to it. I assume you are looking at the new XL II listed on opticsplanet.com for $449.
The XL has less rubber armor and no sun shade but its optics are fully multi coated and give you the best picture out of the two Nikons but it costs too much at $695. Also listed on opticsplanet.com.
Honestly, the Bushnell Elite 15-45x60mm is the old Baush & Lomb model from last year when Bushnell bought out B&L. The optics are fully multi coated, it has every feature of the Nikon XL and XL II except the sun shade. It actually looks like the XL exactly. Difference physically is nil. Difference in price is significant as opticsplanet has it listed on sale for $359. This is absolutely the bust buy on a spotting scope right now.
Be careful with the Leupold Wind River Sequoiah. I want to say that I will always fully support American products for a few extra bucks but this product is not what it is said to be. Opticsplanet lists this as "all air to glass surfaces are fully multi coated." This is misleading. To be truely fully multi coated each lens should be fully multi coated on each side, not just the "air to glass" surfaces. This is why it appears dark above 20 power. It is listed for about $280 on opticsplanet.
If you want a Leupold go with the Gold Ring. This scope has the optics you are looking for and the world famous Leupold quality. But it will set you back $850. And at that price you might as well start comparing it with a different class of optics.
So, for the money the Bushnell Elite is the best scope out there. Compare it to the drastically more expensive Nikon XL and you will see they are probably made at the same plant as they look exactly the same. The difference is in the coatings and for some reason the Bushnell got the better coatings and a far cheaper price.
* as a last note. after reading my post it appears that I am associated with opticsplanet. i am not in any way shape or form. good luck deciding on a scope.