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It's a Dale of Norway cardigan, a base for a child's bunad*, done in Baby Ull on size 0 and 1 needles. I expect it to be quite difficult due to the color stranding, the needles, and the fact that it is the most complicated garment I will have made. Or made successfully.
*a bunad is Norwegian regional folk clothing, worn on special occasions. Adults only wear bunader from their part of Norway, while children often wear a more generic bunad consisting of black skirt or pants, white shirt and something red. Actually, no bunad contains a knitted garment, but the colors of the sweater are bunad-like. You can read about bunads at Husfliden. I hope to order mine at the local Husfliden when we go to Norway in April.