I purchased one of these in a sale a couple of years ago and it's served me well on a variety of bad weather days in the Lakes.
I love the feel of the fabric, it's so much better than Gore-Tex or Event next to the skin.
Paramo make quite a feature of the way their material works (by pumping moisure away from the inside). It seems odd at first but it works very well as I found out when accidentally immersing my elbow in water.
I've always been warm in my Alta II but never sweaty thanks to the Nikwax Analogy fabric although if you're the kind of person that runs warm normally, you may find it too hot.
Build quality is excellent as you'd expect from Paramo and it has an excellent guarantee.
As others point out on the forums, Paramos designs can look a little...well, dated and I suppose this is no exception but, for me, it's only a minor niggle.
As with my other Paramo review, I've given this a high score for value. That's because I paid £110 for it. I'm not sure I'd give it such a high score if it was full price although I would probably still buy one now I've found out how good it is.
(Written by: Wilko)