Also smartwool top to bottom. I use shimano spd shoes that are mostly mesh, so they drain about as fast as they fill, and take the insoles out to dry while I'm at work. When it's really cold or really pouring (like uh the last couple days) I wear a burley raincoat over my smartwool shirt. And for super duper duper cold, I have a neoprene ski mask thingy that goes over my nose and mouth.
I am wondering about wool bike shorts, I don't have any bike shorts at all, but the wool ones from ibex have me intrigued.
And I just can't say enough good things about my cascadia fenders, they've had a real workout the last couple days and I have to say it's like I've never had fenders before I got these, even when I had made my own mudflap to hang off previous fenders.