Finished it. (Amazing what you can do on a couple flights between US and China!
This was knit using a yarn called Shahrazade from Henry's Attic. I used size US10 needles. I have yet to block it so it will probably get to be about 20-24" across and about 9 feet in length. This is from the Knitters' Ponchos and Wraps book. Its all knit and then you drop stitches as you bind off. (there are a couple more steps, but that's it in a nutshell.)