This barely qualifies as as a "got wood" post, but I'm almost done renovating the kids' bathroom and am very happy with it. The goal was to do it cheaply (<$500) and I succeeded there, even after buying a $179 miter saw (Ridgid, with a laser cut line). The main impetus to work on this bathroom was that there was a bit of subfloor that more or less disintegrated right by the tub, most likely due to water damage from previous residents.
I started a couple weeks ago by ripping out the old vinyl floor tiles, removing the toilet, wall-mounted sink, baseboards, and anything else attached to the walls (medicine cabinet, tp holder, towel rods). I cut out a section of subfloor the entire length of the tub about 1' wide and replaced it with new plywood. Then I painted the ceiling (white) and top-half of the walls (medium blue).
I've never done drywall or tile before, and I didn't want to start, so I kept the pinkish tiles in the tub surround and covered the bottom 44" of the remaining walls with mdf beadboard panels, painted white. This helped hide the drywall that had a few too many visible patch jobs. Then I installed a sheet of vinyl flooring and added the baseboards, caulking all around the edges and agains the tub to water proof the room as much as possible against my splashy kids.
My wife bought a used pedestal sink and a toliet from a local re-use store (good way to save money!) and I installed the toilet today. I would have had the sink in, too, but I need to get a part for where the P-trap meets the wall.
Silly me, I have no pictures yet, but if you bug me, I'll post some.