While on the expensive side, the Taiga cycling jacket is as close to perfect that I've found, and I include the Showers Pass Elite 2.0 and Touring among the jackets that I've tried.

It has plenty of active ventilation, which is so well designed that rain actually doesn't enter even in a heavy downpour. I'm a tough customer, and extremely hard on gear, and I'm simply thrilled with this jacket, although it's only suitable for colder climates.

It's also made in Canada, if country of origin is important to you.

http://www.taigaworks.ca/html/outdoo...opede-162.html