Wearing mine now, it is a no-nonsense bombproof warm handle-rain type outer layer.
I notice the 10% price increase on PHD's site which is no surprise and why I bought it, quality improves slowly, price increase increase more quickly.
I bought at 205 - 10% discount it is now 224.
Don't want to get into the justification of inflation point, but more into the buy quality buy once point.
The hood is bloody marvelous, makes a real difference. The long back length is bloody marvelous. The sleeves are too long but the wrist cinches work ok and it means I don't really need to wear gloves which makes everything easier.
It squishes about 2x to 2.5x larger for the same level of insulation as 800fp down but its damp-proof is real..
I got plenty of PHD, but the little regret-ette is I got the Ultra Down Vest in a sale and its fantastic for "it could never be possibly be that cold" and I've worn it, mostly for summer chill, but I'd like the Ultra Down Pullover otherwise. Having had it 2 winters now, I wish I'd got the pullover.