http://bicycleclothing.com/Rain-Capes.html

Got this for my birthday. Have only used it a couple mornings so far between the lack of rain and the fact that I don't wear it if it's too warm, but I've been very pleased with it the days I have worn it. It allows some air to get up from underneath for ventilation, which is why I opted for cape over rain jacket to begin with. Highly recommend.