As a knitter, I suffer from a disease called "startitis" also know as "cast-onitis". It is the desire to start a new project, even though there are several languishing on the needles already.
I am still stewing on the poncho. I bought a Craftsy.com class yesterday about designing a custom-fit cable sweater. I am hoping to take the information I learn there and transfer it to the design of the poncho. I have not knit anymore on it, though.
I started a sweater with the bulky yarn that I just recently purchased. I bought it with a very specific project in mind, but I cannot get gauge on that to save my life. It calls for a size 11 needle, which (totally unbelievably!) I don't have, so I tried it with a 10.5. Nope. I was WAY off. Then, I tried with a 13 and still wasn't coming close. I refuse to go any higher because knitting with broomsticks tends to make my hands really sore. So, I found a different sweater to use the yarn on. I swatched, and had to go down three needle sizes, but that's okay. I'm getting a nice fabric, and I'm looking forward to finishing it. Of course, I have only done 1/3 of a sleeve.
I also started a balaclava for my daughter. This is also using yarn that I recently purchased. Actually, we were at the drugstore in our little town the other day, and she said, "Oh, I like that yarn. Could you make me one of those face mask thingies?" Sure. When your almost-13 year old daughter asks you to knit something, you do it.
I also have to swatch for a hat for my little guy. I am making a beanie with frogs on it for him. I thought about making it for Christmas, but I nixed that idea. I kind of gave up on Christmas knitting a while ago. I live in a house with six other people, and there is very little privacy or secrecy. I just knit stuff that people ask me for and they appreciate it. It's a good system.