I was in Portland two weeks ago for the bike show and I picked up the Shower Pass Elite 2.0. The latest version has re-positioned the pit vents to be closer to the front for easier access and you can buy an optional hood. It has been raining quite a bit lately and it is a cold rain and the jacket has been perfect. I also have a Patagonia eVent climbing jacket that cost twice as much but not really cycling specific and it is also very good for the warmer rain days. Both of these jackets are pricey but they are worth the money.