I've been working on knitting in the round since I picked up my DPNs last week. Mostly I've been working on a scarf that is about halfway finished but I really like the instant gratification of smaller projects so I whipped up a cell phone caddy for myself.
This is the first project I've done where I've used different colors of yarn and I'm pleased overall with my knitting, although I'm less than thrilled with this particular cell phone caddy as a useful piece.
This is also the first caddy which I knit in the round. It's a simple tube with i-cord at the top. I wasn't sure how changing colors within i-cord would work, but the effect is not too bad, albeit a bit lumpy.