It's finished... started on 2-16-12 and finished 3-21-12. It's oversized, and all due to using the wrong yarn for the project. I guess grams/yardage per ball and yarn type really figure into how a garment will turn out.
So I'm going to attempt it a third time in a lavender, this time with wool, as the pattern states, but it'll be a long time before I can get the yarn... wool is not exactly cheap, and for the size I need (38), it requires at least 13 balls of yarn. This is wearable for now.