Liz Morrow's bargello continues to fascinate me - I can't imagine having the kind of mind that produces these intricate and beautiful designs. She has a new one that must be seen, but you will need to go to her blog to see it properly. Click to enlarge the picture there to see the details of the Kreinik Holographic metallic she used in small, effective areas.
Also, scroll down to the post just below it and see more beautiful counted work - a stitch of the month thing, I think.
Jan Fitzpatrick has a new rug already in progress, which is a wonderful thing to watch - this time a totally mosaic stitch adaptation of a Moroccan rug, with "delicious" colors. See her at Thread Medley.