Thanks everyone for all the great ideas. You have sparked an incredible idea - so stay tuned. By end of the day, here is what the room looked like. Not a winner - but much better. The 'fabric' on the ceiling is there to dampen the echo when we are taping. The floor is painted concrete, and the carpet remnants are there to absorb sound as well. My budget has not included new carpeting - or other flooring, but we have to deal with 'sound' issues for whatever I do.
Today I am shooting some video - more on that in my next blog - perhaps tomorrow, maybe Thursday.