this is exactly how I feel about lion brand homespun. It is SO soft and the colors are SO great, but I HATE HATE HATE HATE HATE HATE to knit with it
Every once in a while I'll get a bug to buy more, and I have to remind myself "NO Hildie!!! Bad Hildie! You HATE homespun! No homespun for you!" (or something like that). I sold a bunch on the swap forum here, but I keep finding more at home; I think I'll have to donate that stuff too, just to get rid of it.