I am currently reviewing this thing for a Playak review and have to say I really like it. It is not 100% dry if you roll a lot, but then again, what is?
The matreial is very light and flexible and extremely strong. I have been using and abusing it a lot for the review and I still don't see any wear.
Make sure you have a good thermal shirt underneath though, as the top itself hardly isolates. Its main trick is that it's a bit rubbery and thus the water always drops off immediately, preventing wind chill.
I really like the looks as well, but that's very personal of course