From Interweave Knits Spring 2011 issue, Tatiana's Sweater uses clever needle changes and circular knitting to work an undulating, staggered lace-and-cable motif as an allover pattern, without sacrificing an hourglass shape.

View pattern kit.

Finished Size: 40 (50)" bust circumference, lightly blocked. Pullover shown measures 40", modeled with about 7" of ease.
Yarn: Valley Yarns Valley Superwash (100% extra fine merino; 97 yd [89 m]/50 g): #913 mauve, 18 (22) balls.
Needles: Sizes 2 (2.75 mm), 3 (3.25 mm), and 4 (3.5 mm): 36" circulars (cir). Size 2
(2.75 mm): set of double-pointed (dpn).
Gauge: 24 sts and 36 rnds = 4" in Cables and Lace chart on size 4 needle lightly blocked; 26 sts and 40 rnds = 4" on size 3 needle.