We moved into our home in 2008. At the time, we were in a bit of a rush, and we didn't bother to paint. Thus the guest-bedroom/soon-to-be-nursery was plain old builder beige.
We talked about this a bit and decided to paint it a pale green color. With LK being a girl, we have a lot of pink stuff: wall hangings, blankets, stuffed animals, even the lamp shade. With the walls we wanted more of a contrast.
Like I said, pink all hangings; that's a coat/towel rack that Sarah bought in the summer time when my nieces were coming to visit and would need someplace to hang their wet towels. Most of the other hangings are waiting for the furniture to be in place (we haven't bought the furniture yet); I just put this one up so that we could see how the colors look together.
The drapes and diaper hanger match the bedding (which is in the bag, still). It's pink and green with ladybugs and dragonflies.
Much of the actual painting was done by our super-awesome friend Marcoe, who came up the day after Christmas to help out with it. The fisrst night she was here, I said something like "I'm going to go in after dinner and start taping." She said "Tape? Why?" and proceeded to hand-cut around every trim surface in the room: the door, the closet, the window, the baseboard, and the crown molding. It was inspiring.