I agree that it is very important to have appropriate lighting in the living room that looks great in the space. Chandeliers and pendent lamps can be used to provide a glow and draw the eye upward.
Formal living rooms seem to have gone out of style in the past few years. Many house hunters say that they would never use the room, or they even turn it into a play room. However, if you love the aspect of having a separate room for entertaining then formal living rooms are the perfect fit.