Just received one of these, ordered during a GoLite sale. Even so it's not "cheap" but it's a very light, very poofy thing that will be great to pack along at under a pound. Two outside zip pockets, two inside pockets, one which can double as a stuff sack, plus they include a real stuff sack. Hood doesn't seem helmet-compatible but I don't backpack in a helmet, myself.

Still in stock at GoLite at $199.

Cheers,