You have a nice geometric, somewhat masculine look going here. I would play that up. I don't think you need to change the wall or carpet color as they seem to be a nice neutral background. Are they cream? is the purple more plum? and is the blue more of a steel blue/gray? The furniture is chocolate brown? I love the striped pillow on the chair. I would layer a wool steel blue/gray area rug and then play up the blue/plum in the pillows. A wool plaid or blue gray herringbone in a couple of throw pillows (replace a few of the solid color pillows) could help to pull it all together. Kind of like the colors in the picture of this bag. Adding brown leather cording would be a great compliment on the pillows. (Not sure the area rug in front of the TV is adding anything)

If you can't clean up the painted edge, you could always add a 1x3 piece of wood as molding. You can even carry it up to the ceiling to frame that wallpaper. I don't see that paint color in the wallpaper, or maybe it's a lighter version of the flower centers. Maybe stencil on a design using the darker color, or another color from the wallpaper to help tie it together. Then narrow floating shelves or vertical frames or something in the painted areas it you feel you need it. Maybe turn the bed around so the wallpaper is the headboard.

Thank you for posting the pic. Is it just open space opposite the chairs and a blank wall with the entry door? Any windows on that wall? Is that a table showing on the right of this pic, or a counter between living room and kitchen? My first thoughts are that those chairs must be pulled away from the wall and angled in some way, and somehow you need to find space for more seating. Could you angle them towards each other against the room divider, or is that a cupboard you need access to? Then you could turn the table 90 degrees, and place other seating facing the chairs. I'm liking the idea of picking up on colour from the green glass on the table, but I'm not sure how yet. I have a busy day ahead but I hope to check in later.

Perhaps a large round table might mean a rug is not at all necessary. It could be a metal tray table, or carved wood like Rebecca Mitchell Interiors illustrates. Ideas also to consider, using multiple tables can be found at http://www.houzz.com/multiple-coffee-tables. I also agree with comments above that some color is needed on the walls. You could then hang round mirrors, or an unusual curved shape like RMI shows above.