Is my room going to suck

Thanks for the suggestions. Never thought about the long wall but I will try that also. Hopefully I'll get some time to get it all put together in the next couple weeks. Figured I will start with laying just a big carpet remnant on the floor and hanging some 703 panels around the room and in the corners. Maybe hang some flat on the ceiling. I guess one advantage is this is my little space and I can do whatever I want with it. I have a JL F113 sub that I am sure will be total overkill but I'm sure will really pressurize the room :-). Later I want to knock a wall down and that will double the size of the room although will have a single round truss support in the middle. This will have to do for a while since the last thing I need is another big project.

No it will be good punk rock room :-)

Buy a long set of inexpensive Mogami or Canare interconnects and use the bigger room. Place amp only in front of the fireplace on a floor rack with speakers on either side. Put all your other gear on the side wall using the long interconnects. 
The room will affect the sound quality more than any piece of gear except maybe your speakers. Cheers,
Spencer

Long interconnects are a really bad idea unless they're balanced cables used with appropriately balanced amp and preamp ins and outs. I think 3 feet is a safe run for single ended cables, 200 feet for balanced.