It has the inside-out colorwork (they call it bright pebbled stripes) all around the front opening as well. If you look between the orange or blue circles on the scan below you can see that the floats were gathered. Also, I included the seam in this scan.
I'm finishing up a stranded hat design and I also want to do a post on color/yarn dominance. I need to get Joyce Williams' Latvian Dreams out of the library first because she has something very interesting to say about the subject. After that I'm going to start seriously thinking about Christmas knitting.