I know we mentioned in this accessorizing your walls post that areas smaller than 3 feet wide don't necessarily need to be accessorized, but I really like the use of shelves/coral in this corner. It adds very subtle, simple texture that doesn't compete with the rest of the room.
Also loving the long lumbar pillow on the sofa, and the fact that they used a painted basket topped with glass for a coffee table. I think this room could easily be duplicated on a small budget.
Hope you all had a wonderful Christmas. Enjoy your weekend!