1) Another reviewer said it needs a drawstring around the waist. Yes! I checked out new Bionic jackets at Dick's, and they still did not have one.
2) This jacket is very windproof, only slightly waterproof.
3) A three-season (in MN, at least) jacket, depending on activity level. I would recommend this jacket for most outdoor pursuits EXCEPT high aerobics like running, CX-skiing, etc. . . Go with a lighter jacket, or you're going to drown in sweat.
4) The fabric on the newer jackets is different than my jacket- less rigid, more like Cordura nylon and less like a softshell. I am not sure from the picture which jackets BC currently is selling.