I've owned one of these (Elite 2.1) for seven years. The first couple of years I used it for cycling during wet weather and on dry days, when needed, as a wind breaker. It worked well. I moved and was unable to reestablish a cycling routine for a couple years. Moved again to a mountainous area and began using it for hiking in the rain and cold weather. The seam tape eventually began to separate from the seams. I've successfully used various methods to reattach the existing seam tape. Still able to remain dry. Recently an inch or so length of the teeth on one side of the zipper on the rear pocket separated from the tape (the fabric part of the zipper). It can't be repaired without replacing the entire zipper, rendering the back pocket unusable. As I normally carry my rain hood and a pair of gloves in that pocket, I'm using the jacket as a wind breaker and during light rain.
I ordered a new one. I haven't yet used it, but following are a few observations.
I was disappointed that the blue color of the current jacket is a lighter, pastel shade of blue. The old one is a very rich, deeper blue. I can live with it, but prefer the old color.
The main zipper is no longer a two-way zipper. I found the old two-way zipper to be a hassle to properly insert the pin into the box to allow the zipper to operate. So, I believe this will prove to be an improvement. It's still a european style zipper though. The pin and box are reversed from what we in America are used to. It is the only jacket I've ever owned, sport or otherwise, to use this style zipper.
The velcro pads used to attach the optional rain hood are not as robust as those on my old jacket. They're now round, smaller (cover less area than the previous ones) and are thinner (they don't grip as well). I don't know if the velcro on the current version of the hood has been changed to accommodate the updated jacket. I haven't used the jacket yet, so I don't know how well the old hood will work with it.
The old jacket had an audio port accessible at the inside-back of the breast pocket. It allowed a headphone jack to be threaded through it to plug into an audio device inside the breast pocket. The wire for the headphones would then exit from behind the collar of the jacket. Although the tags included with the new jacket list the audio port as a feature, my jacket does not have one. Not a deal breaker, but clearly one of already three apparent cost cutting modifications made to the jacket over time.
Last item, the two zippers for the pockets are much stiffer than on the old jacket. They're more difficult to open and close. Perhaps it's due to improvements made to the design of the zipper. But it's likely the difficulty of operating the back pocket zipper with the jacket on is what caused the zipper to fail on the old jacket. Time will tell, I suppose.
Having said all that, the build quality of the jacket is very high. The seam tape on the new jacket appears to have been applied flawlessly. The main zipper operates smoothly, as expected, with no need to futz about with the previous two-sided mechanism.
It remains a well designed, high quality product that I expect will protect me from wind and rain for years to come.