I have two wet/cool weather jackets that I'm quite fond of. The first is an older Axiom much like this one:
http://www.axiomgear.com/products/ap...kets/panorama/

The other is a Gerber hi-viz EMS jacket that I use when visibility is low.
http://www.gerberouterwear.com/product.html?id=89l

I don't find either of them any more or less "breathable" than any other water/wind proof coats I've used (but I find that depends largely on what I'm wearing beneath them) but they have plenty of effective venting, keep me dry in the rain and are wind resistant. The Gerber EMS has a really good removable liner that keeps me warm in any weather and the hi-viz ensures that others can see me coming from a mile away!