I love this idea... if you have a delicious handyman floating about your home like I do, then whipping up this headboard should be a cinch! The construction of the frame is apparently quite simple (I'll take my husband's word for it!) and you can either use fabric or wallpaper to create a stunning framed headboard.
You can adjust the proportions to suit the ceiling height - I love that the above headboard is really tall, but you could only get away with it in a room with high ceilings. A squat heaboard would also look great using this application.
Just out of interest, do you say 'Bedhead' or 'Headboard'?