In reply to UKC Gear:
The idea of a waterproof down bag is great, protecting the down from external moisture. That's until you crawl inside, wearing damp clothing, wetting the down from inside. Never mind taking your boots inside, keeping them warm, stopping them from freezing.
I have seen Rab bags with waterproof hood linings, Macpac did similar with internal waterproof foot sections, why not make a bag with Pertex Shield inside and out?
The downside would be harder to expell air, stuff into stuffsack, weight, cost, sweaty in anything but freezing outside. Then again, you' be bivvying on some alpine route, warmth is what you want, possibly get by with lighter weight filling than standard for temperature rating?
Just a thought
Stuart