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Love love love the idea of built-in bookcases around the fireplace!
mantel and built-in shelves
fireplace built in
DIY Built In Bookshelves Site has small collection of IKEA-turned-built-in ideas.
Before & After: Built ins
Fireplace and Bookshelves Idea with Flat Screen TV Above
fireplace with bookshelves
Creative Bookshelves Ideas
this is what I want... fireplace flanked by built in bookshelves with the interior panel painted. :)