In reply to alimckay:
I have just bought a Montane Alpha Guide jacket. Unfortunately I have neither taken it anywhere that exciting (other than some horizontal hail on Dartmoor) or worn anything else as technical for comparison.
When I first got it (small) I also felt it was a bit big (or rather I am a bit small - you don't seem to be able to get it below small), but since then I have tended to wear light fleeces below it, and it is still good at keeping out the wind from below (even without tightening the waist, although this may just be more to do with my waist than the jacket!). Again, when I first wore it to work (as a test) over just a short-sleeve jacket, I noticed a lot a air coming in through the sleeves (as you would expect) when cycling downhill, but since then I have always worn it over something with long sleeves and have always been happy with the wind proofing.
The main reason I bought it is so it can do many things... currently I have it as a climbing jacket; I will soon receive a nice Polarstretch baselayer to go underneath it. It can then be supplemented with non-windproof breathable fleece insulation, and finally if I end up somewhere really cold become a mid-layer under a belay jacket... at least that is the plan!
I also do like the bottom zip feature for zipping above your belay loop, even if on my jacket the zip is a little bit of a pain sometimes :P
It seems to be nicely made and although I can see me ripping up/holing the sleeves somewhat on rock, it is nice not to have to worry about this since the sleeves are just fabric, whereas if they were windproof/waterproof I would always be worrying about damaging them...
Post edited at 16:45