The Montane Litespeed is a great choice, as a windproof.
Ive got a blue one, and the hood is pretty decent, and its a great windstopper, but forget about any waterproofing properties.
When new, its shower proof, but not waterproof, and the water repellant coating soon washes off.
Its more of a windproof top, and not really designed for any heavy rain shower.
Its main advantage is that it dries in minutes.
Its made from Ripstop Pertex, so is very wind proof, and dries so quickly, that i recon its a close second to my Buffalo windshirt.
The hood is well designed, and the whole jacket folds away into that apple sized string bag.
Shop around, and ive seen the Lite Speed for sale on ebay, from small independent dealers, for as low as £40.
Its a great all rounder, and mine is over eleven years old, and still in great shape.