If you're looking for a simple, casual rain jacket and can snag this for less than its original price tag, I say it's worth it.
While it lacks features I prefer (stow-away hood, storm flap over zipper, internal pocket), it does have an adjustable hood and zippered hand pockets, and feels nicer than your average cheap plastic-like rainwear.
My Columbia down coat is a size L and fits nicely, so I ordered this Hydro Seeker jacket in an L. It fit my upper torso and arms, but was too loose at my waist and too tight at the bottom hem, so I chose to return it and look for a jacket with a better fit for me.