Thanks to Chris Kauffman over at Just Beachy for inspiration and support, I knew after chatting with her that I could accomplish the look I wanted in our basement. From dark and drab (no natural light source) to warm and inviting. Thanks Chris.
First attempt at painting the entry 2007. You can see the old carpet that was stained and lacked contrast with the wall color.
Painted again in November 2008 and put in new carpets and laminate
2010 Update of Wainscoting
THEN & NOW: