Every now and then someone makes a range of waterproof sacks, and lots of people shout "Hooray, a waterproof sack at last!" and then next year they've vanished again...
It's clearly possible to make them, but we actually have to ask ourselves how much point there is, especially since we can be sure there'll be a fat price premium.
Picture yourself on a blustery day, strolling along in the sun with your 100% waterproof pack on. Hang on, here comes the rain, so you take out your waterproofs in time and get suited up. After 20 minutes of good wetting the sun comes out again so it's time to stow the waterproofs... but they're dripping, and if you put them in your 100% waterproof pack then all your dry stuff will get wet and you'll get a pool in the bottom that won't drain out. If, later on, you get your tent out and that gets a good soaking overnight then the problem gets worse.
And if you thrutch up a granite chimney and wear a hole in the pack then you've spent a lot on waterproofig that doesn't work any more, while if you rely on a liner that's a non-issue, and a liner also allows you to keep wet and dry separate inside the sack. So if I'm going to use a liner anyway, why bother paying extra for full waterproofing?
I do use fully waterproof Ortlieb cycle panniers... but more because the fitting fixtures and overall design are more to my liking than anything else more than they're waterproof. I still use liners inside, to compartmentalise and keep dry from wet and clean from dirty.
In summary, on paper it sounds fantastic, in reality it's a bit of a meh that costs a lot.
Pete.