I have a PI jacket that has been discontinued -- but I'm sure they have something similar now. It's slim cut, waterproof/seam-sealed, stretch panels on the sides, pit zips...

I can vouch that it's fully waterproof, and the breathability is fine for a fully waterproof piece, but it's not the most breathable jacket out there. I probably wouldn't want to wear it much above 50-55 deg. It's also a good outer layer for very cold but dry conditions.

I have a few soft-shell jackets that are much more breathable and quite water resistant, as well as a super light Patagonia wind/water resistant shell that's quite breathable and fine in light drizzle.