Here's what it looks like this evening, laid out on a chair covered with a red towel to make it easier to see.
Because the pattern is basically stockinette, the edges curl in toward the purl side, making almost a complete column of the knit stitches...it looks sort of like a fancy braid. And it's comfortable around the neck (yes, I tried as soon as it was long enough.) You can tell I've used over half the yarn in this skein--I didn't worry too much about gauge, though the last time I checked it was pretty close. I'll see how long it is when I'm through the skein and if I think it needs more, I'll add on some from the other skein. I suspect I won't want it too long--it's "loose" enough that snagging is a concern.
EDIT: Here's a closeup of the look, a detail of above image: