If you can't beat 'em, join em. Or maybe 'if you've got it flaunt it' is a more appropriate phrase. While we tend to spend a lot of time trying to figure out how to hide our TV's, an easier, and probably cheaper option is to try and blend it into the room.
If you haven't given up on the wall decal thing, over at Geeksugar, they have a nice example of blending a wall mount TV with surrounding and matching black wall decals.
What do you think? Anyone else out there doing something similar and want to share? In the mean time, here are some other examples of decorating with your TV.