Upholstered Headboard

Thanks to my dad's keen eye for savings and my hesitant decision making skills - we have a large piece of extra plywood sitting in our car port just waiting for a project...!  And I'm all about project creation.  Not necessarily project completion....but project creation....ABSOLUTELY.  So - part one of said plywood has been claimed for our guest room headboard.  To date this has been a glaring hole that bugs me every time I walk in to the room so I'm pretty pumped to fill the gap.  

I was looking for a black velvet-ey look-alike or a charcoal suiting-ish fabric to look fairly tailored with three rows of tufted covered buttons across.  But after doing one...Aaron and I thought it looked finished at that.  Which I was cool with of course, being that meant I was done. :)  It's not permanently installed yet, just propped up and ideally it will sit a couple of inches higher.  But I'm diggin' it.  What do you think?