Waterproof OR breathable - choose one. The best genuinely waterproof jacket I've ever owned is made from Polartec Neoshell. Mine's from Montane and has a hood - which is a royal PITA when you unzip to vent and it blows around. But the material is great.
I used to have an endura stealth jacket. No idea where it is now, whats the best waterproof breathable jacket right now?