bigpike,

I would highly recommend this product from Campmor. I think for the money, you get a very flexible.durable garment. I have 4 trips on the parka and am very impressed. I've paddled all day in early spring cold rains, and with a fleece pullover underneath for warmth, stayed comfortable and with the underarm zippers/pocket mesh ventilation, as dry inside as you can expect while portaging.
 The mini-rip-stop is super durable, and you can renew the DWR waterproofing easily in your washer when needed.
 Nothing is perfect but for the price, these are tough to beat IMHO
If this link doesnt work, the item is Campmor's Storm Sphere parka and rain pants (separate item)

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