It hasn't rained lately here in Denver, so I can't attest to it's water resistance, but it's been my go-to cooler morning jacket on my bike commute lately. Glad you mentioned the hood, which at this point would be my only "con" against the Ghost Lite. The hood sometimes catches air on my ride like a parachute - partially blocking my rear and peripheral vision (not good in city traffic). This happens when it is windy or at higher speeds. I still love how this jacket fits and feels and what it does (block wind) while being compact when stowed, but after this fall season my Ghost Lite will be used mostly for hiking and running. Plus, I don't think that this was intended as a cycling style jacket or a rain jacket, but a piece of kit you could use on a bike, a jog or hiking when a quick outer layer is needed.