I have lots of hats of all kinds.  This is my main "go to" hat for three seasons.  It's relatively cool in the summer and keeps the sun off.  It provides some warmth in cool/windy weather.  Water doesn't hurt it at all.  It folds flat but keeps its shape.  It comes in a good variety of colors.  (I have several.)  If they quit making them, I don't know what I'd replace them with.