Oh, Two Knots, absolutely. I edited my post to make it clear that the pic is an example of two unfortunate conditions colliding (a prime opportunity for me to get acquainted with my paneling, however). Like the hypothetical homeowner you described, I had high hopes of merely painting over the existing color until closer inspection revealed that neither paneling nor existing paint were sound. New plan is to live with the issue until such a time as I am ready to sheetrock 900 sqft of living space...
Back to the OP:
Jenld, I second the request for pics. Not just for the color, but also the pattern/plank width of your paneling. If taking pictures is not an option at this time, you can self-diagnose your paneling based on retail versions (
example). Mine has the Orangeburg alternating widths with fairly wide V-groove, which even painted retains a distinct retro flavor. Even plank widths and more discrete grooves tend to be more style-neutral, IMHO.
While I also agree that pairing hardwood floors with wood walls (especially dark ones and heck, wood furniture and wood ceilings!) can be a challenge and probably not at the height of its popularity, it can be done tastefully
if such are your tastes! I've seen examples that range from warm and rustic, through cutesy retro or stately elegant to thoroughly modern. Here's a mixed bag of examples (not all with wood floors), see if there's something you like:
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Sixties fabulous retro
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Rustic-meets-modern
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Unique midcentury / asian inspiration
Painted paneling can also be quite nice, and here too the pattern and color will go a long way in determining the overall style. I'm partial to very light colors where there is a lot of wood involved. The overall feel is fresh, airy - not something typically associated with wood. Think Scandinavian modern or beach cottage, depending on how you play it. (Actually, that look can also works with the floors white, and the walls wood...)
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Quirky, kitschy, colorful
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White and wood
Apologies for the lumber yard of links. Obviously, I've been doing lots of thinking about my own paneling lately! (FWIW, I still haven't made up my mind about what I like, though I can appreciate some of the styles shown.)
See anything you like? Or, on the contrary, are you completely turned off by wood paneling now (eep!)? Again, it's all a matter of personal taste and, if this is a concern, potential resale value.