I've sold a LOT of 'skinz and Simms (so I've heard a lot of feedback) and I own both as well as several other kayak tops and drytops utilizing latex gaskets instead of neoprene, and at this point here's my take on gaskets:
They'll ALL fail with enough time; it's just a matter of how often you use it and how well you take care of it, so customer service is a BIG factor when it comes to buying a technical piece of surf fishing gear with gaskets.
I haven't heard of any Simms gasket failures at this point (I bet they're out there), but mine have ripped a bit. It's one of the first jackets they made though and it has been well used. Judging by this thread as well as customer feedback most people haven't had any issues at this point.
The wrist and neck gaskets on the Simms aren't really any different then the Aquaskinz, I'd be very surprised if it lasted distinctly longer. The issue, to me, is the seam tape creating a spot where the neoprene can't stretch and this is what is causing the failures people have experienced. The newest Aquaskinz have updated seams that only have tape on the outside, I'd bet a lot of money they will have a much longer lifespan. Time will tell...
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