Hi Alene, I've been daydreaming of lace lately. Why? The gorgeous Aeolian Shawl from the latest knitty. Beautiful, beautiful, and with an earthy name as well. I hope to make one someday.
More realistically at this point in my life, I should do something a bit less complex since I have almost no experience knitting lace. I'm leaning toward that Mason-Dixon Knitting beauty, Belinda. I also like the Spinner's Shawl. Both of these have the virtue of being done on medium-sized needles for a small-needle-wimp like me.
I've got my fleece all washed now. It looks even better and a lot less yellow (that wasn't pee; it was dirt stuck to lanolin, whew). Fluffy and crimpy and soft. Ahhh.