Like pretty much everyone else here I think it's an essential skill, although less easy than you'd think. Finding north is fine, but if you have to go say 150 degrees it's hard to orientate yourself, especially if there are no landmarks. In the arctic we used (use?) it most of the time as with 24 hour darkness there's no reason why not, and it saves your hands for your ski sticks and rifle. Plus the further north you go the less accurate your compass is. A compass is great for backup, but in low temperatures you may find the compass fluid freezes (mine did and broke :roll

. A cheap non-fluid compass is an important backup, as in the mountains you can be in cloud for weeks.
In more temperate climes a compass is of course the easiest way, and by no means un-bushcrafty: the Vikings used a "lodestone" (magnetic rock) compass for navigation.
Doc having been taught Sextants before (in fact I am qualified to teach it), I cannot see how you could use it on land. You need a perfect horizon fix - on the sea you're at sea level looking at a sea level horizon. Throw land in and you'll be all over the place! :?: