Let us consider a system composed of qubits, with subsystems $\mathcal{A}$ and $\mathcal{B}$. For any measurement, described by an Observable $O=O_{\mathcal{A}}\otimes I$ that can be viewed as putting a slit on the bloch-sphere representation, are there observables other than ones with eigenvalues $\pm1$ (apart from trivial 0)?
If you consider one qubit, indeed a measurement (in any basis) can be described by orthonormal states $|0_a\rangle$ and $|1_a\rangle$ and the corresponding observable $O_a=(+1)|0_a\rangle\langle 0_a|+ (-1)|1_a\rangle\langle 1_a|$. Also for 2 qubits, an observable $O_a\otimes I$ has the eigenvalues $\pm1$.