My travel wheel is set up in the second studio, and has had yarn in progress for a while, since I'm not there all the time. The wool is from Yarnwench, and is called cupcakes 2, which is a wonderfully soft merino wool.
During my last visit to the studio, I was able to finish plying the singles into a 2-ply yarn, and bring it home to finish. After it was washed and dried, it looks to be about sock yarn weight. The wool weighed over 4 oz., so it should be enough for a pair of socks, hat or scarf. When I wind it into a ball, I'll run it through the yardage counter and find out exactly how much I have. Right now, I'm thinking it will be a scarf or shawlette, but haven't decided on a specific pattern yet.