Rating: 5 / 5
I was a guide in Denali NP during the summer of 2008. It rained almost every day for all of July and the first week of August this year, and I was out in it all day, every day.
My MontBell Peak Shell jacket has performed exceptionally well. It's light at ~11oz. The fabric breathes very well—it's not eVent, but it's the closest I've found. The features are very good: high hand-warmer pockets, long pit zips, stretch velcro cuffs, a drawstring hem, and a full-featured hood. The water resistance is very good; I haven't wet it out yet. I've also been surprised at the durability; regular bushwhacking through nice'n'thick alders and willows hasn't made a dent. The fit is good for me—I'm long-limbed but short-waisted. Lastly, the price is reasonable at $200 MSRP, significantly less if you catch a sale.