These items do not really sharpen knifes, they just refresh the cutting edge. The knives still need to be properly sharpened from time to time.
A simple Amazon search shows that similar items are still available:
https://www.amazon.com/Sharpener-BOJ-Ergonomic-Handle-Sharpening/dp/B006CNY186/
Most of the modern ones simply use a single set of plates instead of wheels as this one:
https://www.amazon.com/Smiths-CCKS-2-Step-Knife-Sharpener/dp/B00032S02K
The reason is that modern materials (carbide and ceramics here) are harder than the steel of last century, so one element is sufficient and it is not necessary to rotate it to renew the sharpening region.
Of course, there are more expensive systems with motors and turning wheels, etc... None of these is to be used on an expensive knife, as they will heat the edge (because of the rotation of the wheels) and ruin the tempering. Knife makers use a belt sander, usually.