I did this and the results were fabulous! I used high gloss paint on the cabinets. I also painted the old brass-colored hardware and the base of the light fixture with matte silver. It's amazing how well the spray paint holds to the knobs and hinges.
How To Paint A Faucet - great fix for that dated fixture that works well. Because you brush it on, you can leave it in place (just tape around it). Painter's Touch Ultra Cover by Rust-Oleum. This is brilliant!!!