i'm debating between a typical USGI style rain poncho or just a really light weight nylon waterproof jacket like these from TAD GEAR......
$200 for a raincoat? No thank you. I can buy a hell of a lot of gear for $200. But that's just my opinion of course. My army style poncho works well, let's your body breath and can be used for shelter and a ground sheet. What more do you need?