I recently stumbled across a business called Half Moon wool capes and Cloaks out of Colorado. They make some cool Cloaks and coats and capes, etc. They can be made to order, not cheap though. I find myself wanting a hooded cloak. Does that make me weird?
I think every Dungeons and Dragons or Magic the Gathering player has wanted one at one point in time. Hell, I think the idea of a cloak would be good while winter camping. But, I don't winter camp so I haven't bought one.
I've worn cloaks, very effective. (History Re-enactments) . a poncho is almost a cloak, just doesn't open down the front. Wool is good for cloaks because the fibres swell when they get wet making them more weather resistant.