I have used this jacket once on a snowboarding trip so take it for what you will.

I used this jacket at Sunrise, AZ a few days ago, and temperatures were around 25F at the base and probably more like 15F at the top.  This jacket kept me warm the entire time.  We experienced heavy winds (especially on the ski lift) and pelting snow.  My face stung like crazy and was numb because I didn't have a mask, but my body was kept nice and warm.  The jacket is also very waterproof, considering that I fell many times, and I was being snowed on for several hours at a time.

I see that there are many reviews saying the hood is not secured very well, but I didn't find that to be a problem.  I didn't experience the hood detaching from the jacket at any point, and it felt snug and secure.  It was a little difficult to get on because I was wearing a beanie and had my goggles, but once it was on, it was very snug and warm.  The nice thing also is that it covers up the face pretty well too.

My only complaint is that I wish the detachable fleece jacket was a little longer.  Right now it sits kind of short on me if I wear only that.  This makes me hesitant to wear just the fleece jacket out in public, because if I lift my arms or anything, the jacket will raise up and my belly will show.  However, this isn't a huge deal and is something that most people will be able to live with.  The overall jacket itself is a good fit, and while there is no powder skirt, the bungee cinches at the bottom of the jacket and helps a little in keeping the snow out when you fall.

I would definitely recommend at this price ($122 w/ free shipping).  It is highly effective, fits well, and is fairly fashionable as well.