I love the headboard and attached lights, but hate the rest of it. Exposed beams, asexual bedspread, and a cutting ceiling fan leave very little room for romance or rest in this area. Also, there are open doorways on either side of the bed. Bad, bad, bad.
We're totally doing this for our playroom, though on a slightly smaller scale. Thanks Becky--and thanks IKEA for making picture ledges so darn cheap. (but no striped ceiling. The wall behind our future ledges is already a beautiful calm turquoise color.)