The FOX Fluid Jacket is a must have for you racer types.
The rubber material is clear so you can flash your sponsors colors even in nasty condition.  Trust me, your sponsor(s) will appreciate the effort!
The pits are breathable, but honestly, you will heat up trying to ride XC in this rain coat. 
The Fluid is for emergency rain situations or those early morning/wet practice runs.
No hood!  Trying to ride with a hood inside your helmet is next to impossible.
Duct tape your helmet vents, buy this Jacket and Seal Skin waterproof socks and go ride!  No excuses!