I have a trenchcoat... I never really thought of trenchcoats being out or in because I've always loved the look of them. I used to wear it when I was a freshman, but I don't think I pulled it off very well. Since then its been sitting in the back of my closet waiting... Perhaps this season I might give it a try.
I've seen alot of above-the-knee and knee length coats this season... (for example:balenciaga and lanvin)
Personally I'm aiming for a more simple and unique coat that will last me a long time. Like this...

(Yohji Yamamoto : style.com)