My husband painted a two-tone gray chevron pattern on the main wall. The crib converts into a toddler bed. The dresser came from Ikea and my husband sanded it down (was birch) and stained it Espresso to match the crib.
I really wanted a gender-neutral space that the baby can grow into. I knew I was having a boy but I was tired of seeing blues everywhere for boys. I also like the serenity of grey and and I think that the yellow adds a nice pop of color.
Modern, clean lines
Dresser: Ikea Mandal http://www.ikea.com/us/en/catalog/products/00176320/
Minwax wood finish stain $7.00 Home depot http://www.homedepot.com/h_d1/N-5yc1v/R-100376185/h_d2/ProductDisplay?catalogId=10053&langId=-1&keyword=stain&storeId=10051#.USPwz6XrfJo
Glider Babies R' Us $379 http://www.toysrus.com/product/index.jsp?productId=4237314
The crib is my favorite item, not only because I know what would be sleeping in here soundly (mostly!) every night, but it also because it's such a great, versatile piece.
Do not skimp on paint! My husband started to run out and watered it down a tad and it made a difference and I ended up going back over it once I bought more. And do not be afraid to put a rug over carpet. I think it softened the room a bit.