I have an older version of this jacket (maybe '08?) that is top-notch. Very lightweight fabric, very packable, impressive build quality despite the intentionally minimalist construction.
This newer version? Ordered from BC.com and couldn't wait to get it. I was immediately disappointed in the seemingly much cheaper, less packable construction compared to the older jacket. Seconds later, the FIRST TIME I TRIED IT ON, the waist cinch bungee ripped out on one end, complete with the cloth patch it was anchored to. To be clear, this has NEVER, EVER been a problem with my older compressor jacket, and I was not overly rough with the newer one.
Thinking that this was an isolated incident, and needing a belay parka, I bought a ($$$$$) Mtn Hardwear Alcove jacket. The exact same thing happened to the waist cinch in the first day of ownership.
Mountain Hardwear quality seems to taken a nosedive in the last few years, though prices remain as high as ever.
P.S. BC.com did take the returned item no problem, so as always they get 5 stars!