Here's an article that rises above the usual run of cutesy "ain't your gramma's knittin'" drivel:

http://news.scotsman.com/scitech.cfm?id=627352003

It's wildly immodest to quote oneself, but it's an "I told you so" moment.  I posted this to the KnitList back around '95:  "Knitting is at its fundamentals, a binary code featuring top-down design, standardized submodules, and recursive logic that relies on ratios, mathematical principles, and an intuitive grasp of three-dimensional geometry." 

So all knitters should hold their heads high.  Even the most math-anxious among us are using neurons that have atrophied among the population as a whole.