Yesterday I decided I wanted to make this so I joined the KAL (see the button) Now all I have to decide is what yarn. I am leaning towards Schoeller Esslinger Geisha from elann.com in this color: Merlot. It is an aran weight so I would have to swatch to see if I can get gauge.
I also joined Rowan International, I've been wanting to for a while but kept putting it off because I didn't want to spend the money, but when I saw that this was the gift for joining I just had to do it!
Last night I got a few more pattern repeats done on the Lacy Poncho - I want to have it done so I can wear it to the Knit Out this Sunday.
PS Thanks to Renee and Anna for the blog help!