To be frank, I've landed some KILLER deals on 2011/2012 model year snowgear this weekend. (Stocking up for next season)
My brother just bought a $250 North Face Elysium down jacket for $122 shipped from a place in North Carolina. Also my brother, for fun, bought a pair of Burton Decadence boots that retail for $500....for $191. And, I landed some killer deals at a local Sun & Ski, $250 Columbia snowboard pants for the lady for only $75.
I think if you put a little effort into actually looking around, you can find an awesome deal on a true technical snowboard jacket that will not only keep the water out, but also breath with you.