I just got the Martha Stewart Knit and Weave Loom this weekend and this is my first time giving it a whirl. I really am only interested in weaving with it- I know how to knit and it seems like it would take more time to use the loom. I saw a number of articles about it when it came out, but I really became interested in it when I went into the store and saw a sample made with the loom. The woven yarn is so soft! I also have a loosely woven blanket that I got from my sister-in-law that I've always really liked.
I have a medium sized wooden loom (about two feet long) that I've used before to make beaded bracelets but there is too much involved to make anything useful with yarn. I know it is fairly easy to make your own square with nails on each side, but the great thing about this is how easy it is to change the side/shape of the loom.
I read some reviews before buying and a couple of people complained because the pegs dont all sit at the same height (some go in farther than others). I've noticed this while using it, but it hasn't made any difference in what I'm doing. Another complaint was that there were not very many instructions which I found to be true, but thats what the internet is for!
After getting it home, I went through the Lion Brand Weaving Patterns site and am excited about trying out this scarf pattern.
Its a neat tool, I'm excited to try out different items with it. I think the first project will be an easy blanket of woven squares.