I have finished knitting Frog! I'm thrilled with how he turned out. I learned a lot about shaping--although the shaping is accomplished pretty easily (increases, decreases, a few wrap-and-turn short rows), the way they are used to make him was really interesting.
I didn't cut/steek for the eyes--I just picked up stitches and then knit the eyelids. I followed the directions for his left eye (stitching the eyelids together, then placing the eye inside & securing), but for the other eye (his right eye), I put the eye in and stitched the eyelids around it, and I like the way it came out better.
I'm really looking forward to knitting his clothes next!