Wainscot is a charming design look that can suit a variety of styles. Check out some ideas:
This cottage-style decor and simple color scheme creates a stylish effect. The navy blue and white contrast is tempered by the lighter shade of blue above.
Painting the trim and panels of the wainscot different colors is a great way to bring attention to the wall detail.
You don't have to stick with neutrals -- try a fun, bright color. This turquoise/blue shade is gentle enough to fit a cottage style and bright enough to take on a retro vibe.
I love the plain white recessed wainscot against a bright shade like this lime green.
It isn't necessary to paint the wainscot if you're going for more of a rustic effect. This wainscot was refurbished from an old fence.
Pictures via Flikr