Well, there's good news and bad news. The good news is that it didn't shrink into a doll sweater and isn't stiff. The bad news is that there are now 3 or so small holes in the front of the sweater

Not even at one of the ends or anything, right in the middle

: And I don't think it really closed the weave any, it kind of just made it fuzzy. I've heard of wool shaving, how do you do it and where do you get the tool?
So anyway, I can still use the back and the sleeves and would really like to use the front, but I'm not sure how. Even if I sewed up the holes (which I assume I can do, right?) how can I hide them?