Project Spectrum is FAB! I love colour themes and enjoy looking at all the pictures in the PS Flickr group. The colours for this period are blue/white/grey.
I bought this yarn from The Natural Dye Studio especially so I could join in too!
I'm making the RPM socks from knitty summer 06. It's a really easy and fun pattern, very quick to do and I finished sock #1 last night.
I'm really enjoying knitting with this yarn too - first time I've tried this company. They are doing offers on ebay at the moment, with a great price for 2 skeins.
Only minus side is - I'm getting blue fingers! XD