I picked up the REI Co-op Amorphum Utility Parka today for 50% off.  Feels very comfortable.  About as heavy as a coat as you’d want in San Francisco.  We’ll see how well it does.

Update: It did well at Lake Tahoe in 25 degrees dry conditions.  I wouldn’t use this for wet, but it was good in the dry, and the removable liner comes in handy when you warm up.

Update 2: Returned the parka because it was just too big.  It’s no longer on sale so I couldn’t downsize.