We've used a similar corner shelving unit to create space in a small 7 by 9 ft room. It's a great, easy shelving solution for small spaces (although installing it was a bit tricky as the walls weren't plumb.
Think your wood paneling is dated? The retro design element is simple and chic. Revamp your wood paneling to create a modern, sleek look for any space. For more design and renovation ideas, go to Domino.
Upcycling old desks to make a small office space with ample storage/shelves! Too bad I'm not crafty enough to make it. But it sure looks cool! If only they would let me paint the desks at work this color.