Suggestions on what to use for "exterior" ceiling
 

I have about a 4 to 5 feet overhang area, which is now covered with
painted wood boards. It has been there for years and recently I had
to remove a bunch of them to perform repair of the framing above it
and leaks in the super-gutter above has caused the boards to rot.
Over 60% of the boards are damages in some way, shape or form so I am
in the process of riping them all down.

Here are some pics of what it looks before I took them down:

http://i173.photobucket.com/albums/w...d/P1000558.jpg
http://i173.photobucket.com/albums/w...d/P1000548.jpg
http://i173.photobucket.com/albums/w...d/P1000547.jpg

The board that is there now is still available at HD:

Millstead 11/32 In. or 3/8 In. x 4 Ft. x 8 Ft. 1.6 In. Plybead Pine
Siding Model 538281
http://205.196.138.20/3/78/78eff07b-...fb9a37b8_3.jpg

at about $18 for a 4x8 sheet. It sort of look like a T&G wood ceiling
but it does not, actually looks a little cheesy.

I am trying to decide what to do to replace it. Obviously one option
is to use drywall, or to use the same board as before, but I would
welcome any opinion/comment as to other options. I don't think I
could afford a true T&G wood ceiling that is installed plank by plank.

Location is Miami, FL if it makes a difference.

Thanks!

MC