Thanks for the replies thus far!

Good to hear, the Precip was actually one of the jackets I was looking at. REI Garage has it marked down considerably right now, and it comes in a bright orange. I was planning on stopping by the local REI to look at what their other coats with that fabric looked like/fit this evening.

I've got nothing against the cycle specific jackets, there are just so many decent generic shells that are the technical (as far as water/wind proofing tech) equivalent at cheaper prices, I was curious if there was a good reason why they wouldn't work. The pockets for camp/general use was one I hadn't considered, though, I do find my cycle jacket's lack of anything but a back pocket annoying.