Growing up, I used the word "den" to describe my family's hangout room with a TV and a fireplace, and "living room" to describe our parlor-like room, which was used rarely, and when it was, for cocktail parties. It always seemed insensible to me to have a room you never use, and I vouched to make the most of my space when I had the option. 
This owner of this North London living room seems to really get it. With its George Sherlock-style sofas and leather wingback chair, the seating looks supremely comfortable — ideal as an everyday hangout. But, the space is polished and fit for entertaining thanks to glamorous accessories like a gilded, Federal-style mirror, a demur double sconce, a tailored, mercury glass floor lamp, and a turned wood console table used as a bar with elegant glass decanters. To get the look of this room, read more.
Esprit
Nice interior. Personally, I like the modern touches.
1We had a living room like that as well (we called the other room the "family room"). It never got used until we put a TV in it (oh dear) and then it became the most popular room in the house, even though the family room had the cable and the big screen!
The TV is amazing too because we got a cool one so it still matches the room even when it's turned off!
http://www.predicta.com/index.shtml
We have the Danish Modern one in the Walnut and it looks fantastic!!!
2A little vanilla for me.
3More stuff to just sit there. Ugh. I hate the idea of a room that is used three times a year for parties. It's so wasteful.
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