I watched Sleeping Beauty (2011) over the weekend and enjoyed it, although it is pretty provocative, so I'm not recommending it. Although, look how gorgeous that wood paneling is.
Wood paneling gets a bad rap because it is most closely associated with room from the 70's called "dens" or "rec rooms". Yellow knotty pine is not the worst atrocity of the 70's, but people are still battling it.
I think the reason the paneling in Sleeping Beauty works is because it is neither yellow (it is more of a walnut color) and does not have knots (just a lovely grain). As long as you stay away from those two things, there is a lot of wiggle room.