This is a good one skein project for either that orphan skein or that one skein that simply called to you, but was a bit too expensive for a large project.
Other yarns I would recommend:
Tosh Vintage
Cashmerino Aran
Yowza - Whatta Skein(would make 2 easily)
I have used these in the past and they are nice and soft. Any soft and squishy yarn in the correct weight would work for this pattern.