Pattern: Owl Baby Vest (download via Ravelry) OR get the instructions straight from the designer's blog
Yarn: Debbie Bliss Rialto, superwash merino (because baby things *should* be washable
Needles: US 4 & 5
Comments and Modifications: The biggest modification was the elimination of two owls (original vest has 5 across the front) and the seed stitch band that goes all the way around the vest during the course of the Owl section. I don't know why, but I really do prefer the fewer owls and the seed stitch to the purl field and stockinette on the back of the original. The only nit I have with the pattern is that the owls seem not to be perfectly centered underneath the point of the V-neck. At first I wondered if it was something I did during the course of the conversion (and this may well still be the case - that it's all knitter error on my part) - but looking at some of the other finished projects it seems like at least on some of the vests, the owls are off center.
Overall though, the knit was fast, and the instructions easy to follow - if you're looking to give cables a try, this may well be considered a good project since the more owls you eliminate the fewer cables you actually need to complete ;)