Baby blanket - almost halfway done (Baby is more than halfway done, so I'd better get going)
So-called scarf - about six inches in. This is really slow going and I may rip it out and find another scarf pattern. The Manos del Uruguay yarn I am using is beyond gorgeous.
Wrist warmer - in lilac Cotton-Ease, to cover up my wrist braces. About two inches in to the first one, to be ripped out and restarted on dpns, since magic loop is too fussy with the tiny diameter.
Dusty in the basket:
Childhood sweater - I really should get this out and finish it. Really. Someday.
Possible next projects:
Convertible shrug from the Spring issue of Knitty
City shawl from a pattern I ordered from pure knits