I finished up the Koigu Multidirectional Scarf last night. It took one full skein of Koigu KPPPM (p622) knit on US size 7's. No wait, that's a lie. The last decreasing triangle came off the next skein. I'd planned well, but not perfectly. She'll get bundled up tonight to get mailed off to Vancouver as a birthday present. The only requirement was to "knit something pretty" and I think it fits the bill.
I cast on for the summer poncho in the Schachenmayr Aurora Color that's been kicking around in my stash box. I bought it on sale a few months back from Elann. At the time I'd knit up a couple swatches for various things, but I wasn't really happy with any of them. This morning I decided that if it didn't suit a poncho, it would find it's way onto eBay tomorrow. So far so good. It looks kinda small on the needles, but it stretches out nicely.