Well, I took the plunge and began the Brethren Socks. After studying the pattern and trying to visualize how things would be different using magic loop knitting, I decided to just forge ahead and see what mischief might befall me. After a couple false starts and a few hiccups along the way, as well as encouraging words from Crafty Andy, things went along pretty smoothly.
As part of a "March Madness" challenge on a Ravelry group I belong to, we were to pick 3 projects to accomplish during March. Mine were: 1) The Skype beanie. 2) Finish the "Spiraling Purl" socks. 3) Begin a new project with the 2nd skein of yarn used for the socks.