I'm very happy with this one.
http://www.teamestrogen.com/products.asp?pID=7278
I got a medium. I wear it on my after work rides with long sleeve wool underneath and don't overheat, temps in the mid 40s. It is waterproof - or at least enough so that when it's pouring I don't get wet on my way to work.
It is snug at the hips, but stays put and doesn't ride up. I wish the color was brighter for riding in fog.
Veronica