I don't know if this helps, but here's my experience. I have been riding into SF during this rainy season as well. I have a 22-32 round trip commute from Daly City to SF downtown. It was raining hard all day yesterday and I was using my $300 Goretex raingear (pants and Jacket). They were working good for awhile until 30 mins into my ride, water started sipping into my Gore-tex fabric. Luckily I was warm enough during my coummute, but as soon as I got to work, I was drenched, soaking wet and cold! Luckily there was a shower stall at my work and I had it to take a hot shower before work to keep myself warm and prevent from getting sick. It was a horrible commute on the way home as well.

I went to Performance to see if they had any rain gear, but other commuters got to the rain gear I wanted so I went to Target. I found a rain gear set-up, top and bottom, by Eddie Bauer for $29.00 (at the camping section)! It had mesh and nylon lining, well ventilated from the, back, armpits and the velcro wrist straps. outer fabric I think were made of synthetic rubber and nylon. The hood and neck is well protected and formed symmetrically well around my head. For $29, I thought I'd give them a shot since I couldn't find anything that day and my Gore-Tex raingear were still wet from yesterday.

So today was a perfect day to give my gear a test since it had been heavily raining all day. As for my gloves, I used latex gloves over them. I used my clear anti-fog tactical (ski) goggles ( $20 from Galls) for the harsh condition today, my clipless shoes had the all weather shoe cover from Performance and my sporty long johns from Target. I was ready to go. I suited up, put my hood over my baklava, then my helmet. At 130 pm, I was out on the road and it was raining hard, the streets were flooding, and the winds were picking up light debris. So 30 min. into the ride, the rain pounded into my $29 raingear, but it was keeping the water out and I was staying warm and dry! My goggles wasn't fogging up either and visibility were still good. I was having fun like a little kid playing out in the rain. When I got to work, I was dry from head to to toe (except my smiling face)! I had a great ride. I couldn't wait to finish work and do it all over again. Luckily for me, it was still raining and my adventure continues. It was a great ride as well.