I've always had a studio/art/craft room, but I had a HUGE drafting table, so it basically filled the whole room and became a mountain of supplies.
I emptied the whole room out & started fresh! I gave away tons of supplies on Freecycle this week.
The paint is "suede" by Sherwin-Williams - http://www.sherwin-williams.com/do_it_yourself/painting_techniques/faux_painting_process/softsuede/
and the ceiling is dark grey, which apparently is creepy to some people.
We're going to put a small futon on the right wall, but haven't found "the perfect one" yet.