The purple baby sweater is moving right along. I just finished off the first skein of Patons Look At Me, and am just about to start the bottom ribbing. Then just the arms to do. I think the second skein will finish it off and let me make matching socks if I feel like it. Here's a photo of my progress:

I swatched some Lion Brand Woolease for the poncho. I'm not sure if I should use it as a single strand: Or double it up: The second way will make it thicker and warmer, and it will knit up faster, but the first will make a "finer" fabric and will use less yarn. The colours come out about the same, which is what I was mainly checking with the swatching.