We solved the problem with a tall slim cabinet with drawers. the topmost drawer was removed to create a space for the set-top box and the video player. I added an acrylic door to keep out the dust. It was the simplest way to solve the problem. The drawers house the china very nicely. I did a similar thing in another house, only this was a glass fronted cabinet a little more than the width of the TV. The shelves were moved closer together to provide storage for cds and dvds. I always put glass shelves as they are easier to replace.

OK... but the wire wont be lower as it is fixed now. The wire in the pics below is the wall facing each other. They were leveled on equal height but the beam on one wall makes it seem a little above. But i think you guys are absolutely right that up and down lights wont look good there. I think you are right about down lights lessismoore. Would it look good if i go with two different lights on opposite walls??? it would look odd right.

This will help get some light into the middle of your space. http://www.westelm.com/m/products/overarching-floor-lamp-antique-bronze-w890/?pkey=cfloor-lamps You could also do end tables or a console behind the couch and place table lamps on either. It doesn't look like you have any seating near the edge of your space and your existing lighting seems to be positioned at the edges of the room. So I'm not sure if sconces would help much.

Hello Anand, You may leave it as per the symmetry of the room. However the lights near the television may be provided a separate switch to turn them off while watching movies etc. Thanks, Amit CORNERSTONE DESIGNS Bangalore.