I just got my Honda Nighthawk 250 about a month or so ago and have been riding to work everyday. As a result, I’ve been in the rain a couple of times. The first time I had no rain gear at all. All the water immediately pooled into my crotch and soaked that area completely. My boots got soaked and my thighs and groin were drenched. My leather coat kept the top part pretty dry, but there was some moisture. My advice – rain pants! I ended up getting the Tourmaster Defender 2 piece. I even got the black with a big yellow and white/reflective stripe across the chest, arms and back for increased visibility.
As for riding on wet roads, it still makes me nervous, but I just slow down a bit and take it easy on the turns. Otherwise I don’t mind it too much.