I bought a hi-viz softshell at Work'n'Gear (technically for work) and it is thoroughly waterproof thus far. No hood. Cons: it doesn't breathe well, so if it's a summer rain it won't do.
Duluth Trading Co. has some good stuff. It's expensive but very well made and designed for moving and working. (Their men's t-shirts have 3 extra inches and the women's 2 extra, for example, and the men's jeans have a crotch gusset.)