We just looked an Ericson 38 today. Seemed very solid and appealing below. We are looking for a cruiser/racer (racer/cruiser) for coastal cruising and weekend regattas...Moving up from a 1970 C&C 35. We're also looking at Cal 39's, O'Day 39's, Beneteau First 37.5's, and Beneteau First 38's.
Just because a boat is no longer made does not mean it is not a good or even excellent quality boat (just an opinion).
This website has great information on Ericson Yachts: