I finally bit the bullet and threw down serious money for my rain gear. A Showers Pass jacket and Goretex cycling rain pants.
The jacket's great with regards the weatherproofing and quality of construction but for the money I have design issues with it. The hood is a separate, which I purchased for 25 bucks and have already lost or misplaced, I hate the sleeve width- they catch on my hybrid handlebars- yes, they have velcro to tighten them but they still catch and I've gone to signal a turn and almost pulled the bike 90〫off course. I don't like the slant cut to the pockets- I've forgotten to zip them shut and almost lost stuff. The Gore Tex pants are great in terms of water/weatherproofing but they are cut really tight. I'm a skinny guy and I got the xlarge and they're tight especially over jeans. And I hate the narrow velcro strips at an angle for the cuffs- simple!!! please!!!!
I like stuff more practically designed. This stuff feels a little over designed, as if to justify the high price tag.
Evidently Shower's Pass makes a more commuter friendly jacket than the one I bought. I'm not quite sure which one I've got but it's probably the more high end road riding jacket as a opposed to commuter/touring.
Get simple, basic rain gear. It'd be great if they made simple Gore Tex rain gear but I think when they use Gore Tex they feel obligated to make it all tricked out.