Didn't know they were out of stock and hard to find. I've had mine for quite a while now.
Looks like they now have a bit extender that takes hex bits, which would have the same ability to allow any bits. And it's currently in stock on leatherman's site. Available on BHQ as well.
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There has been a long standing issue with the Leatherman bit driver extender. It has a retention spring which can be a bit of a pain to use with regular 1/4" hex bits. The bit will sink down a little too far into the end, and the spring clip can cause the bit to get stuck, and so it will often require using your pliers to extract the bit. In my opinion it's not worth the 25 usd that the extender costs.
There is a different bit driver extender from Leatherman which uses magnetic retention. It's called the Sight Adjuster Bit Driver Extender. It's 30 usd. However at this point you're getting pretty close to the 35 usd price that the Leatherman Ratchet extender is supposed to cost (even though it hasn't been in stock anywhere for ages).
There is yet a third option which is a cheap Chinese clone. I don't know much about it, but I think it costs 10 usd and uses magnetic retention.
Then there's another option with ratcheting called the 711L EDC ratchet, which is a tiny 1/4" hex ratchet that fits into the Leatherman bit driver. I don't know how much it costs but it doesn't really interest me because it's not straight like the Leatherman ratchet. It has a 90 degree bend and it is very short in length, which I'd imagine could pretty awkward to use with a full size multitool. I've never really been interested in it enough to try it out.