Yes, that looks great! I've translated my grid for the DTP logo, had to use my word processor but I think it came out okay. It doesn't "flow" as well as embroidery would, I think - but I don't think it can be knitted in any other way. I've tried making this larger but it didn't translate into knitting at all, I don't know why. I like the idea of putting it into a scarf, or a bag. Or even a sweater!
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Windmills do not work that way! - Morbo