I've made it through two full repeats of the 14 row cable pattern, and am into the third. I've used about four of the 16 balls I dyed for this project, so based on the size I'm feeling increasingly confident I have enough for a good sized blanket.
I tried tarting up the contrast on this picture in Photoshop so you could see the cables a little bit more distinctly. I've chosed to do a very basic eight stitch cableover reverse stockinette, with four stitch bands of stockinette separating the cables. Although I had a little bit of cable anxiety, this patterning is so easy that after the first repeat, you can just read the stitches and put the pattern away.
The yarn is wonderfully soft. The Merino content is giving it good stitch definition, but it's warm (I'm guessing the Alpaca) and very soft (must be the silk). I could have knit this on larger needles to get a loser gauge I suppose, but I'm fairly enchanted with the firm, structured fabric flowing out of this uber-bulky yarn on size 11 needles. As it gets cooler here, I'm trying to knit faster. This is a piece of knitting that is definitely going to get a lot of love and use.