Our headboard has been replaced with some stripes created using packing tape.
This packing tape is perfect since we are renting and it pulls off magically without leaving any residue.
They have been up for a little over a month and I still have not made my mind up about them.
Our previous headboard has been hanging out in our little hallway waiting for us to decide.

Pros: we have an extra foot of space in our bedroom, its lighter (in color) than our dark wood headboard, and they are stripes - I love stripes!
Cons: I'd rather have the entire wall striped but we ran out of tape.