Here's what I have so far of my thrummy goodness. (as always, click for bigger pics)
I'm using the method recommended by Rita Buchanan in the Winter 2001 Spin-Off (i.e., 1X1 ribbing throughout, knit flat, and my thrums are not made into little circles, but just cut 3-inch straight locks knitted in) and I love it. She says, "I've tried inserting locks while knitting in the round but find it much easier to make these mittens by working back and forth on two needles," and I think that would be true for me, too.
I've got some stitches in the pesky thumb section that I need to ladder down and switch from purls to knits the next time I'm in the neighborhood. And as you can see, I'm not getting V's, I'm getting sort of ovals, or I like to think of them as "jewels," and I'm fine with it. Someday I may look at this pair of mittens and shake my head and say, "Oh, I was SUCH an amateur." I hope I get that good. But for now, I'm not frettin' about it. I love the way it looks and I can't get enough of the sweet sheepy smell of the Peace Fleece and the delicious fuschia roving. I promised few words, and I can keep a promise.