Eugene Walsworth,
You have the X4. The cover has been updated and is now the X4S. The way the plastic buckles attach has been fixed and works very well now. There are no longer any felt pieces to get wet as well as a few other improvements.
I cannot test to water entry until we get our winter rains but so far it seems about normal. No cover is water tight but if it keeps the bulk out and is mostly around the tailgate and front of the bed where it will drain is about all you can wish for from any cover.