Thanks everyone for your answers! The general opinion seems to be that chenille is a nice fabric when new, but doesn't age well. And yet, some of you seem to be very happy with their chenille items.
I think I am going to try an inexpensive sweater and see how it holds up.
Taylor, I have also seen a mustard/gold one I liked, even though I don't' usually wear any kind of yellow. It might go well with my cognac boots though.
Suz and Diana, you are making good points that it might feel too plasticky and hot. I run cold, and would probably wear a long sleeved cotton tee under it, so no direct skin contact. I do actually prefer garments with some natural fibre content.
Lisa P., your cardigan sounds great! I would like to find a piece like that. Is that the cardigan in the pic you posted?
Alicewonderland, now that you mention that, I do see the similarity to pipe cleaners! Hah. It doesn't bother me, though.
Nemosmom, cream chenille sounds great!
K.M., Jessicams, and Jules, I am also a bit worried that it might look cheap, but I think the soft and fuzzy aspect is going to win!
Thank you to everyone for highlighting the negative aspects of chenille as well, I will keep that in mind when looking at all those soft sweaters next time.