If you do find a Classic in .221, inspect it carefully before buying. I've heard about a lot of them having some fairly major flaws in the machining of the chamber area.
I ordered two of them when they were announced, myself. One, I pulled the barrel without even firing, and had rebarreled as a .17 Mach IV. The other I kept as a .221, but it turned out to have issues in the chamber. Fired cases came out looking disfigured, and had to be FL sized and/or indexed before they would go back in the same chamber they were fired in. Accuracy with unfired brass was decent, but reloads were horrible. I had the barrel set back and rechambered, and that rifle is now the most accurate factory rifle I have ever owned (if you consider a floated barrel, pillar bedded, trigger job done, re-chamber to still be "factory").
But, anyway... I did hear lots of stories just like mine, back when the .221 Classics were first hitting the street. So be careful when buying one.
- DAA