The Craft jacket I have is discontinued, but I did get it in screaming yellow for ~100 bucks on sale here at TE. I did see a more recent model of it here for a really good price (and have dealt with these folks before, even though they are in UK shipping is quick and cheap/free):
http://www.probikekit.com/display.php?code=X0214
The Craft jacket Murienn posted a link to is not waterproof. Mine is a waterproof breathable fiber, but it doesn't pack down really small. I think to get it to be both waterproof and packable you need a fabric like goretex paclite which some of the Showers Pass jackets that TE carries are made from, but these are not cheap either.
I have a PI jacket that is packable and water resistant that I also got here on TE, but found I get really soaked if I wear it in the rain, so its better just to break the wind. I ALWAYS choose screaming yellow!



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