If you're an advanced skier, you might want to check out the K2 Lotta Luvs. I just demoed them this past weekend and am in love. They floated through the Vail powder with ease, but transitioned to the groomers and skiied out front side well on the way out of the back bowls. A friend of mine has them and also loves them.

This jacket is made with Goretex softshell fabric, so if it's not waterproof, it's pretty darn close. I've found my softshells to be fine in heavy snow (though I'm in CO, so it tends to be drier snow), it's just the wind that gets me. But that's the trade off for the breathability of softshell fabric.I have the Arc'Teryx Scorpion pants and they've always kept me dry, even when snow melts on me on the lift. I wouldn't take them out in a rainstorm expecting to stay dry, but they work great in snowy conditions.

I wear this jacket a lot when riding my bike around town. Because it does block wind well, I'll bring it to throw on over a thinner layer and it keeps me warm. However, if I'm really working hard on the bike, even with the pit zips open the inside will get clammy. On super cold ski days, I throw it in my pack to put over my softshell if necessary.If you want a good all around light, waterproof jacket/shell, you can't go wrong with this one.If you want something specifically for hard mtb or road riding, I'd go with something bike-specific that is more breathable and has reflective strips.

These pants are waterproof and seam taped, so they should keep the rain out excellently. All Ground wear has a lifetime warranty as well.http://www.groundwear.com/products.php?style=146

I bought a pair last year that I ended up having to return because I got the wrong size, but those did not zip. They are plenty roomy in the leg to fit over a boot and have built in gaiters to keep the snow out.

It looks like there's smalls and larges left right now. Just click the "Select options" drop down to see the size options.