I started this topic, but decided I had nothing further to contribute until I had put my money where my mouth is and bought a suit myself. This I have now done, and this is a brief report on my early experience of it while sailing this Spring (on the lake at Tatton Park).
I bought a Fladen one-piece suit, which cost £75 including carriage (some of the other suits which have been mentioned are right outside my price range). I was looking for something wearable while sailing at season-ends (not during high summer, if we get one), and which would above all provide protection from hypothermia in the event of a capsize, especially while sailing solo. I can swim, but am skinny and seem to feel the cold in the water (possibly also age-related - I am 70+).
The good quality of the suit was puzzling for the price, Fladen being a Swedish firm, until I found a 'made in China' label tucked away up inside a leg! It really is very well made. It feels less bulky to wear than it looks, and is not at all restrictive - much less so, indeed, than multiple layers would be to achieve the same degree of insulation (and see below re buoyancy). Getting too hot has not been a problem so far: I don the suit over shorts and t-shirt once I have rigged and am all ready to go, and do not throw myself around a lot once I am under way (14 ft Storm Petrel, to remind folks). Of course it will become too warm under certain circumstances - that's an inevitable flipside. But it is snug and wind- and rain-proof, with a useful hood. I cannot over-emphasise what a pleasure it is to wear compared with a wet-suit.
To clear up one misconception in the discussion so far, the suit does not have any seals to prevent water getting in at wrists, ankles and neck. In that sense it is a wet-suit BUT with lots of insulation. I haven't immersed it (yet!), but you only have to see the standards of hypothermia protection it gives all on its own (see the website) to know that heat loss is reduced ++, even if one gets wet in the process. It gives 80 newtons of buoyancy - enough on its own for my 'routine' lake sailing, though I will wear a life jacket as well offshore.
A very small disadvantage is that when I climb aboard a bit more water comes with me, draining out of the trouser legs, than would otherwise be the case! I can live with that. So far, I consider the suit money very well spent.
I have also picked up an indirect tribute from the RNLI. A lifeboat rescued someone in a Fladen suit who had been in the water for over an hour. Because of the circumstances (season, weather, local conditions, previous experience) they were expecting him to be moribund or dead, and were astonished to find him none the worse for his extensive ducking in rough cold seas. They attributed this to his suit, with which they were reportedly much impressed (there was a splash in the local press).