About the toolbag getting wet,I don't think any of them are watertight.If you don't do something to keep water off the tools in the bag you're eventually gonna have a rusty mess.Heavy duty ziplocks work good,just roll up the tools in theziplock and stick them in the toolbag. Depending on the size of the toolbag you can use one of those plastic boxes with the snap lid that dipewipes or hand wipes come in.Just happens that they are the perfect size for my toolbag and they're pretty much water tight and when you need your tools you just lift the whole box out and sit it down beside the bike,a lot easier than digging back in the toolbag.

Good Luck

Tom

 

Here are some pics of my solution. I roll it up in the tool bag with a rubber band and it helps keep the shape of the tool bag...
http://i229.photobucket.com/albums/e.../AC-Cover1.jpg
http://i229.photobucket.com/albums/e.../AC-Cover2.jpg
http://i229.photobucket.com/albums/e.../AC-Cover3.jpg

...works well but rather find a bar / motel and wait until dry weather [8D]

 

I have the open element also. I have rode in the rain a couple of times without troubles... Yet... I haven't been in a downpour yet either. The only 'complaint' about the open element is I have to clean it often. Especially if the roads are wet, there is a substantial amount of road grime that gets kicked up and gets the front of the filter dirty. Wouldn't change it though, looks awesome...