I've found Cabela's Rainy River to be the least expensive GOOD GTX PacLite rain gear. It's now (2010) selling for $99. for parka and the same price for the pants.

FEATURES
1.The parka has no pit zips but instead two large, slanted chest pockets with mesh backing that vent very well without letting in water.
2. A well designed hood with captive drawcord ends and captive drawcord rear adjustment.
3. Adustable hem locking drawcords
4. Velcro adjustable elasticized cuffs
5. velveteen chin guard on the front zipper flap
6. Tall and XL sizes. I got a Tall size for the extra butt coverage and extended arm coverage. VERY few PacLite parkas have Cabela's size range. Maybe Bass Pro Shop does but no others that I know of.
7. Pants have a 12" side zip.
8. Pants store in their own zippered hip pocket.
9. Pants have a wide elasticized waist band plus an elastic drawcord & cordlock.

Enough features for the price? Cabela's garantee is like REI's. Don't like 'em for a good reason? Take 'em back anytime for a full refund.