Others have handled the wal-mart rant for me (no, I never shop there).

If it's not wool, I'm not wearing it. In the winter I wear long-sleeve wool tops, not jerseys.
In the summer, I tend to go back and forth between jerseys and shirts (both wool). I don't use jersey pockets on the commute, but find the fit slightly better on the bike. Off the bike, I would prefer the shirt though.

Ibex had a big sale recently on their jerseys. I bought some extras, but am a little disappointed because the new models look MUCH better than anything they've previously sold.

I wore all that "technical" junk when I was going to the gym twice a day. At some point it would start to smell so bad that I'd just trash it.