Correct. It could read upto 9 transmitters, locate your buddy upto 100 yards? and located the boat if they'd lowered the boat transmitter. I looked in detail at the Lynx some time ago but it's special batteries, apparent fragility of battery case - put me off.
Well, if I wanted it to be smaller than petrel and have user-replaceable battery, I'd probably go CR123 too...
It didn't offer any ability for a dive op to track divers - which if the new product is to be a higher end device, I'd like to see (of course my expectations may be uneconomical)
I'm not sure how the ability to read up to 9 "other divers" transmitters translates to inability to track other divers... but anyway, evidently not enough customers wanted it to keep it going.
NaviMate' s popped up here a few times already. That one does gps, too.