Well, yesterday was a productive day. I finally finished mudding (only some minor sanding in the hallway) and got my primer up in the whole basement other than the small hallway. The wife and I did 2 coats on walls and ceilings in about 5 hours (my 5 yo daughter painted the bar fronts so she could help us). I used one of those Wooster double length rollers and it made a world of difference in time to get the coats on. Tomorrow I will finihs sanding the hallway and Thursday I will finish primer and move on to paint.
Here are a couple shots into the model railroad/wrestling room

Looking toward the bar and TV viewing area on the left


TV area

TV area from bar

Bar area

Into the full bath


And the bathroom floor

There are a couple areas on the ceiling that I need to touch up but overall I am very pleased with it. You may be able to see some joints on the ceiling in the photos that only appear under flash. In normal viewing I can not see them so it may be some minor shadowing. If I can't see them without flash I am not worried about them.
Also, my wife and In decided on laminate throughout except the HT. We are going with the Lumber Liquidators Nirvana V3. It has bevels on each side and comes in 3" wide planks. It will take a little longer to install but the look will be worth the extra time.
Here is what we chose

Let me know what you think. This weekend comes paint on the ceiling and we will probably start on the walls. Colors will be a tan wall, with the laminate floors, cabinetry will be yellow/gold like the stairwell, bar front beadboard will be barn red, shelving behind bar will be white, bar stools and bar rail/top will be ebony stained and epoxied/polyed, and all trim will be gloss white. My wife is also considering a denim sofa. Should make for a rather interesting color palette.
More to follow.
John