The April 2009 issue of Crafts 'n Things Magazine has some wonderful knitting projects in it including a women's sweater, a swirly tablecloth with beads and a baby cardigan. The circular Knitted Swirl Tablecloth is fancy indeed. Then they have a knit-across sweater in a mossy green.
There is also a baby cardigan called the Boston Baby cardigan shown in peach. It has a collar, buttons, cables...so if easy projects bore you, this could be just the thing.
If you prefer crochet projects, there are some of those in the magazine too.