A truly waterproof pack and featured pack is going to cost you WAY more than $109 which is why many companies do not make them. They aren't cheap and most people are plenty fine using an inexpensive pack cover instead.
The 2200 was waterproof and that one was only about $60 more and had twice as much inside storage. I'm just a little surprised at it. I kind of thought waterproofing on Badlands was standard, but apparently not. No biggie.
I'd say highly water resistant. Stitched packs made of fabric and with zippers are never fully "waterproof" no matter how much they are treated. They can be highly water resistant, but if it gets dropped in a river or exposed to heavy rains for extended periods of time, it will leak through. Hopefully I'm not coming off as harsh, more or less want to help educate others to understand that a truly waterproof pack will be made TPU and laminate materials like a dry bag, have minimal features, and most likely be roll top.