I picked up an Outdoor Research Ascendant jacket on eBay for $75 with the Polartec Alpha. It's black, but it's like 14 ounces, full zip, has a hood, chest pocket, and two hand pockets. I had planned on giving it a try before springing for the more expensive Sitka version, but I think I like this well enough that I won't bother with the Sitka.
The Polartec Alpha is nice, but it's not magical for me. If it's cold (say low 40s and down), I prefer it over grid fleece as a mid. But above that, I still prefer grid fleece.