Image by Wojtek Michniewicz from his review at crazyguyonabike. Captioned "Peeling laminate on SP touring jacket." More images there.
Another negative experience with the Showers Pass Touring Jacket.
Sounds to me as if the Showers Pass Elite jacket may be made from different materials than the Touring and Transit jackets and that the Elite Jacket doesn't leak -- or at least doesn't leak as much.
The Showers Pass jackets, in my opinion, are pricey enough that they should perform well. The Touring jacket is $150. Even if the jacket performed as advertised, that's quite a bit of money.
If you have a Touring jacket, and are having problems, return it. If the vendor won't take it back, ask Showers Pass for a replacement. I think that may be the best way to reiterate to Showers Pass that (at least some of) these jackets have serious problems. And it will give Showers Pass a chance to "make it right." It seems like a good company that made a mistake with one product.
If you are shopping for raingear, consider whether the cost of a cycling-specific jacket is actually worth it. Gerty wears her regular, brightly-colored rain jacket and does just fine. (In fact, on our last rain-drenched tour she was much drier in her hiking jacket than I was in my Touring jacket.) I feel a bit dumb that I shelled out over $100 when I could just wear my hiking raingear -- particularly since I routinely rail about the evils of materialism.
If you really want cycling-specific gear, take a look at J&G Cyclewear's line. One commenter highly recommends them. I have no experience whatsoever with them. Their website, which is not nearly as slick as that of Showers Pass, says that they, too, are a small Oregon company.