The usefulness of this device will obviously be limited. The Manfrotto MP3-D01 is more capable, but that model is bulkier. The slim, trim MP1-C01 could be left on the compact camera with little bulk, although, like the bigger model, it will block the battery compartment. It can fit in the accessory pocket of the Lowepro Rezo 50, which the MP3-D01 can't. The MP1-C01 is a little longer than the older Manfrotto Modopocket, and that is probably its closest competitor. The MP1-C01 has a wider base than the Manfrotto Modopocket. The Modopocket's 4-point contact is more dependent on a perfectly flat, level surface. However, the MP1-C01's 3-point contact is more tedious to adjust, even on the perfectly flat surface. Either the Modopocket or the MP1-C01 could be left on the camera, and the longer, slimmer MP1-C01 will seem a little less bulky. Some (but not many) cameras like the Panasonic LX5 will have access to the battery compartment with the Modopocket, but not with the MP1-C01.
A significant annoyance of the MP1-C01 is that if not attached to the camera, the mounting screw is vulnerable to falling out in transport. The lateral adjustability of the screw's position, an advantage in some ways, means that folding the rear leg over it will not secure it, because the screw can slide to a position in which it is not covered.