Thank you for your suggestions everyone. I am going to layer it with another solid rug and use it in the living room. My living room neds a bit of colour and I thought this would be perfect. Breaks my heart to think that I may have to put it elsewhere.

Leather sofas can really dominate the room and can give an overall cold feeling. I would add some earthy elements, like a wood coffee table with glass or metal. Go to Restoration Hardware's website and look at their sofa room scenes. And I'm sorry I think the art is too harsh for the room. That's all your eye goes to in the room. too overpowering. I would look for something softer or maybe a cool mirror and I would add color to the room with pillows and some colorful lamps. I also think woven blinds would look great. They add warmth and give a finished look. The color of your window treatments should contrast your wall color a bit, not match it or else it starts to look generic and blah.. You have warm walls, warm floors and the woven blinds, like Hunter Douglas brand would pull it all together for you.

Very nice.

I would go with an oblong rug, making sure it is large enough for the front feet of the furniture to rest on it. Also, it is way easier to find an oblong rug than a square one.