PI's site has always been a little confusing. Here's a PI video about the barrier fabrics:
http://www.pearlizumi.com/publish/content/pi_2010/eu/en/index/0/TECHNOLOGY.html
Look at the 3rd one down, called "Pearl Izumi Barrier System"
Basically, a "barrier stretch" vest should be a wind and water resistant fabric, like a typical polyester or nylon windshell material (probably with some mechanical stretch to it). If the vest says "Barrier WXB", then it is a 2.5 layer system, more like a GTX-type system. The "thermal" stuff is brushed, like a lightweight fleece and the "softshell" line has a brushed inner with a barrier outer.
Hope that helps and doesn't confuse more!