I put a Sanyo 4912M in the living room. It's black and chrome, as is most of the stuff in my living room, so it doesn't look like an eye sore. It also means I have a tap 2 steps from the couch.
The thing about the chest freezer is that mostly they don't look any good in a living room. You'd have to put them in the kitchen, and, at least in my case, I don't have ANY space in my kitchen.