Thread: Compact wet-weather gear?

Anyone have some ideas about light wet weather gear? I've used el cheapo pocket-stash nylon jackets and pants and want something similar but better:

For hunting and hiking it should be:
-Light
-Compact
-Good rain protection
-Durable
-Quiet, possible?

For cycling:
-Good rain and wind protection

I don't mind spending some coin because I'm sick of the cheap stuff letting me down!

Cheers