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If the paneling is the smooth flat stuff, you might be able to have someone fill the seams and imperfections and then put wallpaper over it. You might need a double layer - they make an underlayment wallpaper to help cover imperfect surfaces. Your good paper goes over that. The cool thing about wallpaper is that you can get any kind of look you want, from high tech to English club. (I'd recommend the Star Wars print. ;))
For those that don't know, Kilz is an all purpose primer that sticks to any surface, plus it is cheap. Make sure to open all windows - it is rather dangerous to apply on a closed room.
Andreas
One place I worked several years ago had a conference room
with whiteboard/dry erase markerboard covering all the wall
space.
It really was quite desirable. Besides the large writting
area, the room was quite well lighted too, thanks to the
white walls.
I've also seen portable whiteboards that allow you to transfer
whatever's written on them to paper/electronic format. One
of those might be something to look into too. The project
managers use them during JAD sessions with the users.
I've always remembered that nice large conference room with
the whiteboard walls. I've kept it in mind to create one
if I ever buy or build my own place rather than rent.
Take care,
Louis
Since the surface of white board is somewhat glossy, you'll also have to be careful about where to place the lights, as you might end up with glare sources in unexpected places. That's not something you'll notice conciously right away, but it can have a strongly tiring effect on the eyes. Typical lighting installations in US offices are often a disaster under that aspect even without glossy walls.
Of course, it wouldn't be ugly wood paneling. Maybe a natural, oiled oak finish.
Then again, a real wood wall would really highlight the fact that the new laminate flooring wasn't actually wood... *sigh*