So I bought some spray paint and went to work. After I painted the old metal a nice shade of chocolate brown, and lined the cubby spaces with cute paper, I still had the old ugly laminate wood top that needed some fixing up. It had old sticker residue stuck on it, as well as lots of scrapes and chips.
After a bit of procrastination, I decided this morning that I just needed to do something with it. So I cut up squares of some scrapbook paper, used my Mod Podge, and made a little tile mosaic on the top of the desk.
It's far from a clean-cut professional job, but it's a huge leap from what it was when I bought it. Now all I need are a few baskets to fill with art supplies to go into the cubby space, and a cute container to fill with some colored pencils and markers to set on top.