I noticed a bamboo silk blend at my local big block store. It was running about $7 for a small ball, but you can use a lot of coupons there.
I am really enjoying a lot of the lacey sweaters and cardigans that are coming out in the new knitting magazines - I hope to design something similar sometime. The patterns in Vogue Knittings Early fall edition or making for great inspiration!
OTN ( on the needles) I have toddler socks, still the Norwegian ski sweater for my oldest child (I am doing the main color work patch now, so that is taking longer to concentrate), a pair of socks for DH, and I have been working on a series of washcloths patterns for the knitting site.