I also started the armholes on the Central Park Hoodie I'm working on. I didn't have a clue as to how to keep this going in the round but it seems to be working for me this way and I'm controlling the 3 skeins of yarn at one time so far. I like how this pattern is turning out and am planning to maybe knit it for myself without the hood, just a collar. It's also a nice easy nit and the cables make it look fancier than it really is. I use the cableing without a needle method that I learned from Grumperina's Blog.
I also started the pansy shawl from Schoolhouse press. As if I'm not already in enough KALs!! I have started and frogged a number of shawls...so it remains to be seen if I will end up finishing this one also!! I bought the yarn from Wendy of http://www.wendysmodestdress.com It is hand dyed and smells wonderful even while I am knitting with it. It is simply beautiful yarn to knit with, soft and smells scrumptious!!
Next month Wendy is hosting a Finishupitis contest on the Icelandic Shawl Yahoo group and I plan on being involved in that. I promise not to start anything else (fingers crossed) and will figure out what projects I really want to finish and which will end up in the frogged forever pond!!