Scott, I know you'll like this one.
I found this article at Highend3d.com (http://www.highend3d.com/news/…..a-518.html), about FXGear's new software called Qualoth. It is a cloth simulator for Maya, and I tell ya, from what I've seen, this thing looks amazing. It performs, from what I can tell, just like real cloth.
If I get some free time, I might download the trial software and try it out, and maybe finish that trench coat I tried making so long ago (Maya's cloth simulator did not like it for some reason).
Website:
http://www.qualoth.com/