This is a dilemma indeed! Posts in the middle of rooms are always a little difficult. It would be helpful to have pictures of all four walls to suggest the best layout. From what I can understand of your dilemma, I've attached a layout that may work based on your description. It features a defined entry. So when you walk through the front door, you will see a console table with a couple of ottomans stashed beneath. They can come in handy for extra seating. In front of the console are two arm chairs, followed by a modular sectional - they make up your main seating area. To the right of the kitchen door is a TV console. Behind the sofa is a bookcase and to the right is a round table with a couple of chairs for games, paper work or what have you. You don't mention any windows. Is this the case? If so, we'll want to make sure you've got adequate lighting and colors that will work with the limited light. Hope this helps!

Have you ever thought about floating shelves? I think pairing a few floating shelves together would look great and would free up space in your living room. I really like the Eugene floating shelf from Bryght and I think it would compliment your existing pieces. http://www.bryght.com/product/160/eugene-cocoa-shelf

Definitely bring the tapestry down closer to the sofa. If you are keeping that above the sofa, your rug should be less busy. pick a color from it and use that on your rug. You've got a lot of pretty patterns in that room already, keep the rug less busy.

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