with my handy dandy power sander it did not take all that long to sand it down and remove all the lacquer it had on it
I was not crazy about the top part of the unit, looked odd so I had hubby cut it off for me. I used a white interior semi-gloss paint that I also received off of freecycle (got about half a gallon...for free!). I ran to Home depot and got 4 new knobs, cheap ones but pretty and a new paint brush. Total cost of this entire project $11 and this is what it looks like now...
Not to bad for FREE!
So if you have never heard of Freecycle you "must" google and see if there is a message board in your area. Frrecycle has saved me a ton of money on purchasing items I need and also on money I would have spent taking items to the local landfill. Remember...your trash may be someone else's treasure and vice versa!