Here's what I was creating out of Morehouse Merino a few months back! It is a whispery cardigan featured in Spring 2009 Interweave Knits, which hits news stands February 24.

Whisper Cardigan Hannah Fettig Finished Size 20 (22, 24)" across back. Shrug shown measures 22", modeled on 34" actual bust circumference. Yarn Morehouse Merino Lace (100% wool; 220 yd [200 m]/29 g): vetiver (green) 4 (4, 5) skeins. Needles Size 7 (4.5 mm): 12" circular (cir) or set of double-pointed (dpn); 24" cir. Size 4 (3.5 mm): 24" cir. Size 2 (2.75 mm): straight. Adjust needle size if necessary to obtain the correct gauge. Notions Tapestry needle; markers (m). Gauge 24 sts and 32 rows = 4" in St st on largest needles.