I got an Ashford Knitters Loom yesterday and I've already made 2 scarves. I'm obsessed! I didn't need another hobby!
The first one (green) is way too stiff because I crammed the yarn down too hard, but the pink one is perfect. It's cashmere, silk, and a few strands of tweed. The yardage really seemed to stretch a lot further than it does with knitting, which is good because I can make scarves with all my tiny balls of handspun that are too small for anything else.