Pinwheel blanket questions

I just wanted to get an opinion other than my newbie own. I want to do this pattern http://www.knitlist.com/00gift/round-baby-blanket.htm for a friend. I have two questions:

1> Am I right in reading this that it’s knit in the round? i"m assuming the yo’s would make it wind up flat.

2> What happened to rounds 2-4?

Thanks for in help

It does look like it’s numbered incorrectly.

I’m going to assume that they called the cast on a round, then round 2 would be knit around. Round 3 would be the increase round, and round 4 would be a knit since every other even round is a knit.

Thanks Ingrid! Once I went back and looked at the pattern again I figured out the same thing you did. Here’s to hoping it works out.