I love this yarn and have made several scarves and hats with it. It is very soft. However, the yarn is one ply and fuzzy, and it can be difficult to rip out the knitting to correct mistakes. Also, I bought two skeins of the same dye lot number about a year apart, and the colors were markedly different so be sure to buy enough yarn now for your project.
The assembly instructions are great. It took me less than a half hour to put the loom together. If you are not able to take a beginning weaving class, check out The Crochet Crowd's Weaving Loom Series on YouTube, it is very helpful.