Its coming, GG. I have about 3 inches done so far (I'm not very fast yet). You may be right about getting a hat out of the skein too. One pound makes for an awful lot of yarn. Then again, I'm kind of a yarn hoarder. I can't help but love the stuff. Just ordered 3 more skeins from www.yarnmarket.com
My knitting blog: Yarnolicious
Oceanblue28 on Ravelry
Garter Stitch Bag in variegated shades of pink and purple
Garter Stitch Scarf in lavender
Garter Stitch Scarf in variegated shades of blue
Garter Stitch Cowl in vargateted pastel shades of pink, purple, blue and yellow.