I am not partial to canopy beds without the, you know, canopy.
That being said, figure out what you want your room to do for you. For chim and I, we just sleep, shag, and get dressed/undressed in our room so it's very simple; bed, dressers, closet. Minimally decorated because what's the point when no one goes in there and the times they do, the lights are off.
Since our new place is only a one bedroom (you should have seen the raised eyebrows from both sides of the family at that announcement) our current server room (read: second/guest bedroom) functionality will have to be integrated somehow.
Figure out what you want your room to do, then spec out furnishings to do that functionality. Go for quality parts so as not to go through this ordeal too many times. That means go for timeless pieces you could very well see willing off to your next of kin. With enough work, any color can change to any wall or piece of furniture so get something that structurally you like, then worry about the accents such as color or finish type.
For a stylistic feature, I like incorporating some non-traditional bedroom feature into the bedroom, like a LazyBoy in that corner, or a breakfast nook with outdoor iron furniture for two overlooking the window. Something that gives the room more unusual and tasteful function.
Personally I am a sucker for a vintage large sea chest at the foot of the bed. Something to sit on while you are putting your shoes on, something to store linens for the bed and extra pillows so you don't have to go looking throughout the rest of the house for them. Line it with cedar or throw in some cedar chips are you are set to go.