It's a lighter fingering weight sock yarn, but it knits up beautifully and washes well. Just don't subject it to the dryer!! Great for colorwork, too, as it comes in a bunch of colors. I am confident enough of this yarn to knit gifts to be given with pride.
I am knitting a men's beanie using this yarn and it is great! the pattern is Brett Parker's Duo and it can be found on Ravelry at http://www.ravelry.com/patterns/library/duo-2
The yarn is PERFECT for this pattern. It has a great drape and is soft enough to be comfortable but not so soft that it seems feminine.