I whipped this up a couple of nights ago, just to try it out. Easy, quick, and cute -what more could you want? I don't feel it's all that attractive on my own wrist, but I'm sure lots of my girlfriends are gonna love this bracelet. It's a really quick (15 min?) project, so it's great for last-minute gifts.
The pattern/tutorial, over on Purl Bee, shows you how to make this in necklace and garland lengths, too. I might have to dress my tree in these, once I figure out what colors I want.