Maybe I will ask Santa to get me a softshell for Christmas. Waterproof is definitely not something I expect -- I expect to get wet (damp anyway) and still stay warm, and I would be very much in favor of it drying quickly. Kind of sounds like the buzz around the soft shell, as it advertises wind-proof-ness which is missing from the current solution (without another layer which traps sweat.)
I read the psychovertical link and some of the garments recommended at the top don't have the hoods which are "required" (to meet the author's definition of a soft shell.)
I'm looking for garments that can service at least 2, and preferrably 3 of cycling, hiking and skiing. Since cycling is the first love, most of the clothing budget goes there and I attempt to reuse anything I can. Fishing is a completely different beast and I'm all set there -- no problem with high heart rates in cold weather.
Tim
p.s. my regular hiking, cycling and skiing partner drinks, on average, 25-33% as much as I, hikes and cycles in cotton T-shirts, and is never wet. He's very experienced, and "knows" the "evils" of cotton, yet they don't seem to apply to him. Very annoying!!!