Looks like Finnish. Sorry, I can't read it either, but have asked on my LJ as I have a number of Finnish people on my friends list. They will no doubt tell me if it isn't Finnish.
I have a coworker with Finnish friends, so she is having them translate it to Swedish and she will translate it from Swedish to English, though she also offered it in Spanish. I am thinking of compiling a world-wide language table of common crafting terms. With that, I think I could at least get the jist of the pattern...
Ooh! Please make it available once it's translated to English! I have DJ friend in Seattle who's part of a "collective" known as "Camp Cthulu" and he would just luuuuuuurrrrve this!