Here is my progress so far. You can click on the image to view it at a larger size.
So what do you think? Does it look good so far? I have been using the Philosopher Wool method of weaving in the ends as I go so that I don't have any floats. They didn't show how to weave in the Purl stitches, but I played around with it until I figured it out. Here is the back of the bag.