Re: CPL/ND Filter question.
Variable ones aren't bad. In fact, I think there is a link to a comparison of the top brands somewhere on the forums on this site. I hear most folks talking about singh-ray being a good higher priced one. My thoughts are to just get the stops you need, and maybe a cheaper vari if you want to or use the CPL as the variable when mounted with a 3-6 stop filter. Try searching for some of neuro's stuff on filters. I'd trust his research before mine any day.
Edit : "variable nd shootout" on YouTube was the link I was referring to.
Re: CPL/ND Filter question.
One of the good things with a variable screw-on filter is that only the outside glass will have water splashed on it and can be wiped when the filter is left on the camera. The bad thing about where I live is waterfalls don't exist unless there's a downpour happening, and they stop shortly after the rain passes. As a result, I'm usually soaked and my hands are always wet. I don't think I'd feel comfortable letting go of my tripod long enough in an attempt to find a dry spot to pull out the squares and clean both sides prior to shooting. That's my experience in this area of the world anyway. I'd still love to get some 4x4s for when I go on vacation to places that actually have real waterfalls. Not really making a point. Just rambling a bit.