I've owned this coat for about a year.  The waterproofing has held up well.  I would highly recommend you try this coat on in the store before buying.  It's a BIG coat, and the hood is also very large, almost to the point of being too big.  I suspect the hood is actually designed so you could wear a hard-hat or some other kind of stocking cap/etc underneath it.  It's a little heavy for everyday use, but excellent for early spring cold rains or late fall weather.