48 degrees F. is my coldest so far in a one piece 7mm with 3mm vest/hood...Santa Cruz Island, Calif., in January 2003. Did four dives, and shivered most of the time. It took 30-45 minutes on deck to really stop shivering. I just purchased a 7mm vest/hood which is much warmer, but I don't think I want to dive below 48 wet. I tried pouring hot jacuzzi water into my suit between the 1st and 2nd dive, but I think it made me colder once I got down. The best thing about that cooooold day....something to compare to 54 degree water so I can truly say, "that's not so bad." Were I to dive below 50 degrees regularly, (IMHO) I would definitely go dry.