Just released to start June off on a bright note is the Aspen Cowlette.
This hybrid cowl and small shawl/shrug is worked with one skein of Nimue Sock (sample is shown here in the Dryad colorway). It's cast on at the neckline and the first half is worked back and forth and shaped like a shawl. Stitches are then joined in the round for the larger leaf-motif lace border, which is worked to the bottom hem like a cowl.
It can be worn loosely around the neck, like a cowl, or pulled down over the shoulders like a shawl/shrug.
Pattern is available via PDF download on Ravelry here.