I really like CP Iceland! It was my first "splurge" yarn when I was re-learning to knit a couple of years ago and was buying mostly Lion Brand. The colors are brilliant, and it knits up beautifully. I learned how to do cables with Iceland in the Red Orchid colorway. I do think it's just a little bit scratchy around my neck, but not bad.
Here's a photo of my Iceland scarf:
