While surfing through the archives, we found this mod nursery at American Baby. The description reads:
Avoiding babyish pastels and choosing bright, stimulating colors creates an unthemed place that can change as the tiny resident grows into his or her own interests. An easy-to-replicate colorful grid wall like this sets off the overhead plywood art hung from the ceiling.
We like the look of the traditional white furniture pieces against a very bold and modern backdrop.
The homeowners created the ceiling fixture by cutting squares out of plywood and painting them with the leftover wall paint. Each square is hung in overlapping layers from thin chains screwed into the ceiling. The diy-ers also painted contrasting blocks of color on the walls to frame out artwork.
A complete list of resources is available here