2d maps of rainfall have also been derived from interpolated GSM antennas, using the signal loss.
Disclaimer: GPS is one of those parts of science that gives me the nerd chills.
I worked a few years ago on precision guidance. I was supposed to assess the performance of automatically guided tractors. Sub centimetric guidance on 4 tons huge tractors was pretty tricky to test. On what exactly did you work?
I am biased here, because I know the people who are developing this technology, so I'd be welcome to further information on this point! E.g., I took a look at the thesis abstract pointed to by @kubiii, but it wasn't specific enough to tell what their exact sensing method was.
There are some generally good-quality summaries of GPS radio occultation here: http://geooptics.com/?page_id=148
The main advantages of GPS occultation for H2O sensing are that it's relatively bias-free (compared to microwave radiometers), that it can see through clouds, and that it has better usable vertical resolution.