i love working with wool! oh my goodness. you can make a patch work quilt...like 6" squares, you can do an appliqued wool quilt ... visit the cotton patch quilt shoppe's web site she has some really cool ones to look at and get some ideas. and if you visit the link for the customer show and tell my black wool appliqued quilt is there :)
when you type in the shop it is the one in East Tawas Michigan. also, primative gatherings is a great place for ideas...sue spargo does alot of what i kind of think of as modern wool stuff, if you have never heard of Sue you definitly need to visit her site and see what she is all about!
have fun what ever you decide to do.
oh and by the way the first thing you do with your wool fabric to use in a quilt is put it in the washer...hot water, small amount detergent...wash...lots of agitation -- rinse in cold, toss in dryer...hot... when the wool comes out it is ready to cut up and use in quilted projects.