Reading a pattern and deciding if you can do it is like reading the directions to assemble a kid's bike all the way through and then deciding you can't possibly get it together.
Why not give it a shot? Do each stitch, each line, one at a time, and it should all come together exactly as it should. If it doesn't who better to help you than the Knitty folks here? I'm sure there are several who have made this, and many more who would be willing to help every step of the way.
:XX: --That's you knitting this!!!