I bought this jacket in navy. It is very waterproof and the ball-cap hood is great for keeping the rain off your face. I've worn in in sea spray and in a NorCal rain downpour and emerged dry from the waist up.

It is also not a bulky, boxy "sports" rain jacket and crushes down very small. The fabric is soft; sometimes gore-tex or other similar waterproof materials are too stiff to pack small or shove in a bag. The zipper pockets are on the smaller side and are a snug fit for my droid razr phone. the interior waterproof pocket is pretty generous.

The fit is "slimmer"; I got a small and it has enough room for me to wear a hooded sweatshirt underneath (I am 5'4 and about 110lbs and wear a women's small). I washed the jacket once since purchasing and it retained its waterproofing. The jacket is somewhat windproof yet breathable and works great for winter/spring in NorCal (45-70F) but would be a bit thin for colder weather.

What I like the most about it is the fit - fitted but not too tight, a bit shaped in the waist. I have it in navy and have gotten a few compliments on how cute it is for a rain jacket. I wear it on my commute to work and feel it's appropriate to wear in the "going to the office" setting.

Edited on 12/9/13 to add:

Jacket is still going strong! I have used it as a layering piece on the airplane and as a wind/water shell for running, holding up great. Every few months (or more frequently if I'm using it for a running jacket in rainy weather) I wash it with penguin wash/sports suds, and re-waterproof with TX spray.