OK, thanks for all the great info on here. I'm ready to begin. Today, I'm taking measurements of where all the particular panels should go.
Tomorrow, I buy the lumber, locate the insulation, etc...
I have a few items that will be quite helpful... I have many matching indian tapestries which I will use to hide my shoddy carpentry. I also have some large cane bamboo and grass matting. Not really sure how I'm gonna use that yet except to cover some of the bare spots between panels with something a bit more diffuse and more interesting to look at than bare wall. Being an artist, I can't help but want the place to be visually stimulating and easy on the eyes as well.
I will be doing a number of broadband absorbers and bass traps in order to treat my small, square room.
I will begin now by posting my "before" pics... these are a floorplan, and untreated walls and ceiling. As I go, I will provide pics of the process until I have a breathtaking "after" photo.
Hopefully, there will be something in this thread for someone like me who comes along, has a terrible square little room to mix in, wants to fix it the best they can on a tight budget, and do so in quick order and with maximum visual appeal to boot.
enjoy.