Well I picked up this jacket for just £200 from Gaynor Sports (this was in sale, brand new).
For that money - its absolutely superb when put against the competition I looked at. Pretty light, build quality looks good, extremely comfortable and mine (in red) looks great as well.
Havent had a great go in the rain yet, I was blessed with great weather for the trip I bought it on, but from experience, it looks like it'll perform admirably.
Granted the external doesn't havet double stormflaps, the front zip is sealed, then there is a storm flap underneath- I'm sure this'll be more than adequate (if the rain is hard enough to get through this- then you'd get wet whatever jacket you wear as far as I'm concerned!)
In summary, great jacket- if you can get it for less than the steep asking price, then an excellent item.
(Written by: eddyr)