Brief report:
After waiting for two days for the rain to stop (it had been constantly raining for the past 2 weeks in Quito; the rainy season that should have occured on October/November was delayed 'til December/January), DeeDee and I took the Teleferico up from La Comuna to Cruz Loma and started hiking at 10:00am towards Rucu Pichincha. The last 200 feet to Rucu' s summit was interesting scrambling on mixed class 3 rock/snow. Reached Rucu' s summit at 1:00pm. Then, we took our sweet time descending while talking to various other groups. Got back to the Teleferico upper station by 3:00pm.
Additional info about climbing Rucu Pichincha can be found here.