It's called Saroyan and can be found on Ravelry, here. I thought it was pretty, but once I saw Elisabeth's version, above, I knew that I had to make it. I'm taking this on vacation with me and I hope that I'll have time to get it started. I'm using Wolle's Yarn CreationsColor Changing Cotton, which is what was used in the picture. The color I have is called "Tropical", which I blogged about when I bought it.
I think I've found the best pattern for the yarn. I can hardly wait to get started.