Yep, it's a new sweater. (I'm actually a lot further along than this. The back and both little sleeves are done.)
Flutter Sleeve is driving me crazy. The top half (above the ribbed waist) is way too long, so I have to rip out a good portion of it, to shorten it up. I already did a lot of the ripping, but I just can't make myself restart it yet. So – new sweater! It's a short-sleeved cardi from Vogue Knitting, Spring 07. Ravelry link.
I also started a really simple cowl, to decide whether or not I like them.