Jim: I'll be very interested to know how well that works for you.
I met a guy at Sun Peaks last spring, who rode mostly Seattle area. He had some sort of marmot softshell that he spoke very highly of. Said it completely repelled the soggy rain/snow mush of the PNW, which surprised me, and that he never really wore anything under it, always just about the right warmth. I tried to figure out which it was on the marmot website later, but the color patterns must be different. I think it was the Super Hero Jacket, but on his the black and colored parts were reversed.
I spoke a bit with a guy in a mountain hardware softshell, the one with a grey napoleon pocket, on a particularly 35 degree BLEH day on mt hood last season. He claimed it was keeping him dry, and was actually to warm for most days.
I'd like a new jacket anyhow, so I'm thinking I'll just pay the slight premium on REI's price so that I can try out anything they got until I find one I like.