Some new molding?

I've talked about the thriftydecorchick blog before and here is another project she has done. I absolutely love it! AND it's not that hard to do. She added some molding to the lower part of her walls in her entry way and family room. All she did was cut some molding to make a square and nailed it to the wall. Repeat that all around the room, then paint it all white and add the line of molding to the top of that section and voilà! Doesn't it look so nice? If you click on the picture to enlarge it, it's easier to see how nice it looks. I saw this in a decorating magazine as well. Plus, she bought the cheap molding, so this isn't a terribly expensive project, considering the outcome.

I really want to do this in my house now, but I'm not sure where. I think at the moment, it would be too much work to do it in my family room. Our bookcases are bolted to the wall, our computer desk is extremely large and bulky, and I've already got Dan committed to painting our room during Thanksgiving break. I don't think he'd agree to another project. :) For some reason, he's just not as excited as I am about decorating our house (weird, I know...).

I'm thinking of maybe doing it in our bedroom, but I still don't know if it would go well. I could possibly do it on one wall of the family room, next to the front door, but I don't know if it would look funny on just one wall. I might just have to wait till we move to another house in a few years. So until I decide, I'm just going to admire her molding. :)