I've been looking at the $200 for jacket and pant price point and figured Gore-Tex was out of the question but Cabela's seems to be having a clearance on this Gore-Tex raingear. I'm concerned with the lack of pit zips but will the fact that it is Gore-Tex help make up for that? Anyone have any experience with it or advice regarding? Thanks.

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Search the forums here for "Gore-Tex", and search for "e-Vent" while you're at it.

In my view, Gore-Tex is all hype. I'm sure it's a bit more breathable than a thick layer of latex, but I doubt I could tell the difference in a blind test. Folks here seem to think e-Vent is a bit better, but I haven't tried it.

The trick to keeping Gore-Tex (or any other breathable membrane) effective is to keep the durable water repellent (DWR) finish on the outer material maintained. This coating allows the water to bead up and not permeate the outer material which will clog the pores of the membrane (GoreTex, et al). This "wetting out" results in losing the breathability of the membrane so your own water vapor can't escape.

Generally, I've been impressed by Cabela's gear in the hunting realm.

I've got the older version (it wasn't called "Rainey River") and its worked great. I only use rain parkas during colder months - they're great at keeping out wind and snow, but get too muggy in summer. IMO, they can't breathe fast enough in warmer conditions to get rid of all the perspiration I produce. In summer I use a silnylon poncho that'll keep the rain off while allowing for great ventilation. I sewed a few belt loops around the waist area of the poncho, and use a piece of string as a light belt to keep the poncho from flapping around too much in the wind.

I've used Gore-tex (Standard, XCR, Pro Shell), and host of proprietary waterproof/breathables, and they breathe very poorly compared to to Event. Good Event rainwear is not cheap, but it is really the only viable hard shell option when breathability is a concern. Montbell's waterproof/breathable is one of the few that I'd consider outside of Event.
The previous poster is correct: keep up on the DWR to avoid wetting out!