Ok, thanks for the feedback! Yeah, my basement stays nice and cool which would be a definite bonus! I think the real challenge for me will be building a nice room which doesn't leak any light. I'm not exactly the guy from Home Improvement.....but I do want to learn and this is a project that really excites me! Thanks again for the input!
Oh, on a side note I'm having a friend put in a new 20 amp panel for my basement 'workshop'

. So, I should have enough juice to fire up the lights without burning down my house....