As long as the room has a lot of natural light during the day, and light wood or other material furniture, I think it sounds like a great idea!!! I want a red home office/library/computer room one day. But trust me on the light furnishings and lots of natural light... I know someone with a burnt orange colored home office. They have these dark wood bookcases and a dark wood desk with a black leather club chair and ottoman, and only a small window. I go in there and I am like, "Get me out of here!!!" The colors literally engulf you. IMO, if you have only a small window or dark furnishings, stick with painting only one wall and bringing the red color into the room in other ways.

Good luck!!!