My friend O and I enjoyed our yarn swap so much that we're doing it again! This round, I sent her some of my handspun and she sent me a custom blend yarn from Yarnia in Portland.
The yarn is made up of a number of cotton strands that have been wound together on the cone. It's not like a normal yarn, as there isn't any twist holding these strands together, but it should knit up pretty well. I especially like the colors my friend chose for this yarn; it has some color depth that's hard to capture in this photo. Now that I have the yarn in hand, it's on to planning what to make for my friend!
2012-07-03 Edited to Add:
And here is my friend O's post about the yarn swap, complete with better photos of both yarns.