Lynne Kiesling
My friend Knitress was right on both counts: Martha's poncho was crocheted, and made from Lion Brand's Homespun yarn. The Lion Brand website has a crochet pattern for it up now, and will have a knit one up soon.
Sorry, Manolo!
Personally, this design is too boho for my taste. But I can say after spending 2 days in the streets of London that the shops are full of the boho look for spring.
Heeheeee! And now I can comment to tell you that any day that starts with this particular header on one of your posts makes me grin.
Check out Lily Chin's version of the pattern at interweave.com, too.