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They were indeed fabric panels, but instead of a board they used embroidery hoops!!! Genius! This did a few things for me, brought a ton of blue to the beige wall, broke up all of the squares on the accent wall, and was kid and office friendly!!! Best of all it was CHEAP, (in the good for your wallet way, not that it looked cheap).
All you do is pick out a few embroidery hoops in varying sizes and some corresponding fabric. For the smaller hoops I was able to use fabric they sell at JoAnn's for .99-$1.99, it is originally for quilting. All together I spent around 12 bux! That's great! And it makes such a great impact!!! And it was also probably one of the easiest art projects I have ever done!!!
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If you'd like to incorporate this into your space, some people even use them as bulletin boards or tack pictures to them! You can do a number of amazing things with these!!!!
You'll be able to see the impact they make better when I post pics of the entire room, but no peeking, I am not done yet! :^)