I decided to update the review. While I still love the jacket for the reasons stated above, some of the 'flaws' that have showed up over time:

1) In vest mode, the zippers hit my skin unless I war a short sleeve jersey w no underarm venting (and longish short sleeves that don't ride up).

2) It does get really wet in a downpour.

So, I just ordered PI instinct jacket based on Deb W's review for wet days.