If you do paint it, I would consider taking it to an auto-body shop and have them spray it with white or black. I'm not sure about the details of doing this, but I have heard that it works out wel...

Wow super great way to use the futon. I wish I had thought about that before I got rid of my old futon. Great Idea.

Definitely new cushions this set has so much potential and is unique. Also you have the chance to make it very personal to you and your "better Half" go for it and have fun.