With the the success of Danish crime series "The Killing" the main character Sarah Lund's Faroe island knitwear sweater suddenly morphed into an unlikely fashion statement. Above the original. Below a typical variation over the same knitware theme.
This type of knitware is found in all Nordic countries - here an Icelandic style knitware.
A lighter summer version - Norwegian style.
And yes - men wear them too. However, not as much as when I was young.