Wednesday was the coldest morning so far this season. When I left the house, it was 29 degrees w/a 21 degree wind chill. I stayed warm, much to my surprise and I expect this layering system will work for colder temps because my feet got a bit too warm:

Torso:
Smartwool MidWeight Baselayer (Zip Tneck)
LLBean Power Dry Expedition Wgt Zip Neck
EO Winter Jersey
Patagonia R3 Fleece Jacket
NorthFace Soft Shell Jacket

Lower Body
LG Tights
Descente Coldout Knee Warmers
Smartwool snowboard socks

Extremities
Sidi Toaster Insoles
Chemical Toe Warmers
Lake Winter Boots
Smartwool Glove Liners
Seirus Therma-Lux Glove Liners w/chemical hand warmer in pocket
PI AmFib Lobster Gloves
Two Buffs -- one snood style & a polar buff cap style