That's the start of a Branching Out scarf in the Cotton Cashmere. And no, the Silky Wool isn't anywhere near as orange as it looks, but de-oranging the picture makes the other stuff look way too blue. It's much more of a standard hot pink, and will probably become a lightweight sweater for me.
I'm still a little bit boggled at all of the pink stuff, as pink is usually the one of the LAST colors I'm drawn to. And yes, the Branching Out is a gift, and I knew that when I was buying the yarn, but still... am I becoming girly? Horrors.