I'm not sure if anybody has posted this here yet, but O2 Rainwear has a fairly new jacket called the Element that is basically the same as the original but now comes in blue, grey, or yellow. A hooded version and the hoodless cycling version with water-resistant zipper. Jackets for 36, matching pants for 26.
http://rainshield.shptron.com/c/styles?pp=12&pg=2
I ordered a medium grey cycling jacket. I am 6'1" 180lbs so i hope i can get away with a medium. I don't do much more than walking in rain gear and dont layer much under it so i probably won't accidentally tear the arms off when i shrug (knock on wood). The measurements look generous. I will report back when it arrives.
