Overall I'd say this is a pretty good winter jacket, about 3.5 out of 5. Bought this for colder winter mountain bike rides where some of my Windstopper jackets don't cut it. When paired with a thermal weight shirt, this has kept me warm while riding down into the teens. Doesn't provide much warmth when stopped though, so don't plan to take long rest breaks when wearing it.
Fit is pretty good, but it runs a size smaller than the normal PI jackets I've bought before and it's a little short in the front for my tastes as a mountain biker, so it rides up some - clearly it was designed more for roadie use. It's definitely not as good at moisture management as described, I found during heavy exertion that sweat would build up significantly on the inside of the softshell portion and drip down my back, chest and arms, which is moderately annoying. It dries reasonably quickly.
If you buy the red, be prepared for it to be more of a seriously bright orange-red than regular red. It's loud and very noticeable, which isn't a bad thing for safety. So far it's proven durable, including during a couple of decent spills. Overall it's a good purchase when gotten on sale, though I wouldn't buy it at full retail.
Great jacket. Been able to use from the mid 20's through the 50's without any problem, and only a single thermal layer underneath. Only negatives; runs slightly smaller than as advertised and hasn't helped me keep in shape when hanging in the closet.
Pearl Izumi clothes tend to be small. I have to order large size. The insulation isn't that thick but it is good only for late fall. Fleece insulation looks like thin frayed fleece material. It isn't dense polartec 300 fleece. This isn't a winter jacket. You need to wear 2 layers under jacket to keep warm. Shipping costs is high which nullifies any savings in sale price.
I really like this jacket - well made, warm on chillier rides (have ridden recently down to 32 deg), and i like the fit overall. Just a bit short for me (6' 3" bought the XL) in body but overall manageable. Note the color is definitely bright but more on the coral side vs. red/orange look on screen. No biggie as I like it overall and am not afraid to wear a little color!