I love this issue! About an hour ago I began working on the corset portion of the cinced top. It's going to remain a corset belt, since the entire top might look odd on me. I'm using teal Lion Suede that's been resting in my yarn box for almost a year.
The skirt in the Louet ad is fabulous. I checked out the website- the tiers are knit in the round with sportweight linen. I'm thinking about alternating lace tiers with woven fabric. I doubt my attention span for multiple large tiers, and the fabric would decrease the weight of the finished skirt.

Hope that helps. I'm going to muck around with this when I'm a bit less sleepish.