In reply to iksander:
I'm fairly sure they've changed it so it's now covered. I looked at a Demand last summer which had that and a better fit than the one I tried on in the winter - I assume it was a newer version.
The Asgard Smock is literally flawless if you can find one. No pit zips but a deep chest zip to vent and I've never found it too sweaty, somehow. The full-zip jacket version has vents/pockets. Trim cut with an excellent pattern, long arms with superb gusseted armpits for mobility while climbing, huge hood which fits incredibly well, simple no-frills design, excellent fabric... hands-down the best waterproof I've ever used.
Not used it for winter climbing but Leo Houlding's team used them on Asgard and they seemed to take a thrashing so I assume they're durable, too. Most mine's ever had was a day of Cornish granite (minor thrutching involved).