I was surfing the web this morning before work and came across a Craftzine post for spool knitting. Not having tried that particular segment of the loom knitting world...the link to this article actually made me want to try it. There is a later post about the same topic here.
I love all these blogs devoted solely to crafts. I learn a lot just by surfing around. I subscribed to the CraftyPod blog, too....so I wont miss a thing!