Full price, I'd go for something a bit more technical from a mountaineering brand. The key word here is "water-resistant." Don't think this jacket is going to last more than 10 minutes in heavy rain. I have both the vest and the jacket and so far I've reached for the vest more often because it's more flexible in a variety of conditions. I mostly use mine as a warm up on race day because it's quick on and off, is light and small in my bag and matches beautifully with the pants. I will probably be using this jacket more for running as the winter sets in. So far I haven't really needed it.
A note on the fit. I got a medium, but it's a tad tight across the hips. This is a really common problem with jackets of this type and in fact almost all backpacking brand jackets of this style have the same issue for me. I just have wider hips. I'm so used to this I typically order a large, just to get past that. Since this is a boxy cut, I got away with a medium.
Like all CW-x products this is well-made and well thought out details for a runner. I love that the pockets zip shut so you can store a supply of energy gels or whatever. I like the "visibility" points that are subtle, but effective. I like the ventilation, which is probably 90% of the game when running in wet weather.