Well, I did it and it works okay. Not great, but it will have to do. I've never had a problem with acrylic so I'm assuming it is the nylon in the yarn that is causing difficulty.
I'm not very happy with this yarn and have found it unpleasant to work with. It is very splitty and the ends fray terribly. There have been several knots in the yarn (from the manufacturer) and also the yarn tangles and knots on itself quite easily.
However, it does feel soft and it is a pretty color, so I'll keep on knitting.