I apologise of you have already seen this but Trish Bloom has designed for Knitty & if you go to her blog she has the most GORGEOUS B4 Felted Bag !
It is the most beautiful felted bag I have ever seen !
See it here -http://b4bag.blogspot.com/
You have to scroll down for photos in a myriad of colours .
This is Extravayarnzas version !http://extravayarnza.typepad.com/photos/its_alive/img_4233.ht