Answer: The Orca Bay Mystery quilt so far, of course!
Clue 4 to the mystery my very well be a red herring!
I have finished my 68 5.5 string squares in red. But, alas, I have only cut a few in half and re-trimmed accordingly. Now, if only I didn't have to work for a living, well...I could...
Anyway, if you want to see the bits and pieces of the mystery (er, I mean clues) so far go visit Quiltville and the Orca Bay Mystery.