The first is a rip-off sleeve Pearl Izumi Vagabond Jacket/Vest. It is form fitting and very light. It retails for $99.
The second is a Pearl Izumi Infinity Jacket in pink and brown. This jacket isn't convertible like the Vagabond but still a great feeling and looking jacket. It is a little heavier than the Vagabond since I think it's more for cool weather and is a little less form fitting. The two jackets are different but both great in their own respects.
Lesson today: Before you spend hundreds of dollars in gear, check out eBay. Can save you a lot of money and still have you looking like a seasoned cyclist!