I just go an REI Kimtah eVent parka last week for $159. which puts it on par with many GTX PacLite parkas for price.
If you're planning, as I am, on wearing a light down jacket under your parka then get one size larger to avoid binding in the sleeves.
After using the Kimtah this winter for backcoutry skiing I'll know if I need to have pit zips installed. Waterproof zips seem the way to go.