The metric 1/10 MIL turret adjusters will move the point of impact 1 cm for each click of the adjuster at 100 meters. So it is roughly equivalent to 1/3" (actually 0.36") POI change at 100 yards.
For this lower power variable I doubt the user will be using the knobs much once the scope is sighted in for the rifle. So basically you can just sight the scope in and then forget about the whole MIL vs. MOA conversions. This scope does have the latest twin bias spring erector system found in all new higher end Leupold scopes.
Long range shooters tend to use the MIL system these days as the 10-based math makes things a lot simpler.
You can read all about the scope and its features here:
http://www.leupold.com/hunting-shooting/scopes/vx-r-riflescopes/vx-r-2-7x33mm-includes-metric/
