Can't be beat at this price point
This is my second PreCip. I wore the first out over a decade of occasional use.
What it is: This is a great, AFFORDABLE lightweight option--especially if you are trying to shed ounces for that casual summer trek (I use mine for scattered showers day hikes, and summer treks in the high sierras).
What it isn't: Hi end Gortex. IT doesn't breath very well, and is very basic.
Comparing this to a $450 piece of technical gear is foolish. I paid about $60 for a very serviceable, very functional shell. I love this jacket, though if the forecast calls for a lot of rain, I'll take my heavier Gortex hard shell.