Back in the fall (I *think*) Terry had a pair of Gore capri rain pants. They were actually pretty cute, but expensive.
I'm afraid to say, spandex is actually not a bad choice in the rain. It doesn't get heavy like natural fibers, or make you sweat like raingear can if it's not cold out. It dries reasonably fast too (although if I were commuting in heavy rain I'd probably pack a change of clothes no matter what I was wearing).
I have bunches of Shebeest skorts that I commute in when it's warm. Personally I think they're pretty cute, but tastes vary.
Edit: you should be careful about non-cycling specific rain pants -- the lower legs will be baggier and you will have to do something to keep them from getting caught in the chain.



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