I would want a larger TV but thats basically what I want my living room to be like. One big sofa bed thing to make everyone comfy and laid back! to go cheaper you could use mattress and make or use bed pillows covered with same fabric as mattress.
A great place to curl up. I've always dreamed of having an indoor library as a room in my future home. Comfy chairs, coffee table, shelves upon shelves of books, open backyard window, NO tv in that room.