Should You Replace or Paint Paneling?

So, you want to update a room with paneling but you just don't know... should you replace or paint paneling?
Many older homes in this our have at least one room that has paneled walls. Knotty Pine was quite the rage back in the 50's and 60's. Paneling presents quite a few issues when the time comes to make a change. Certainly changing from paneling's dark appearance can make a family room seem much larger and definitely much brighter. But what do you do?
Painting the paneling is doable and certainly it will be quite a bit cheaper. Before painting however there is an item for discussion...those seams!

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