Its the tripod I use with my Leica and I'm very happy with it.
I have the Feisol ball head that goes with it, making it the CT-3441SB, and its a great combination. The ball head is very smooth in operation and the QR plate easy to use. The tripod does take a fraction longer to extend because of the four section legs, but once opened up I tend to carry it extended for long periods, so it isn't any bother. The tripod with head is so light I can just hook a leg through the shoulder strap on my Billingham Hadley Pro (a smallish shoulder bag) and leave it dangling until needed and I hardly know its there. Overall the engineering is top rate.
Steve