I think the yarn turned out pretty well for my first attempt. The purple color is a little more dominant than I wanted, but that's okay. Here is it before I cooked it.

This, the hanging to dry process, was the hardest part. I was anxious to wind it into a skein but it took all night to dry.

And here is the finished product. Not too bad. Now I just have to come up with something to knit with it!