What I will say about ponchos is, if you're looking for a nice middle ground between an accessory which is small and quick and a garment which might intimidate you with shaping etc. then this might well be it. It's a fair bit of knitting but it's straight and then you get to practice your sewing up. Love it.
Knitted in King Cole Harvest DK, you'll need 4mm needles and either 3.25mm straight or circular needles for the mock cable poncho borders. You'll need a cable needle, too.