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I have this jacket, the Theta AR. They recently discontinued it and I managed to cop one just before.
Not sure why op doesn't like the hood, I personally prefer having the separate collar. If the weather gets serious I wear a tube scarf with it and that's always been enough to stay warm and dry.
I also like the extra length over the Beta as I'm quite tall.
Best coat I've ever had, although it fuckin should be for 800 bucks.