Sheer Panel for the bed in InsideOut

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We spotted this image in the March/April 2008 issue of Australian decor mag Inside Out (which coincidently also has a feature and shows more images of Todd Oldham's home, which we posted about earlier this week.) We are intrigued with this concept of using a very sheer piece of fabric on a four poster bed....

The fabric they've chosen still gives a slight romantic feeling that traditional drape-y fabrics would have, yet via a totally modern/minimal interpretation. Has anyone done something like this or would consider doing something like this? The fabric shown is by "Devil Damask" by Timorous Beasties. (image via Inside Out magazine)