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In case you are interested, Homasote is a type of wallboard made from recycled paper compressed under high temperature and pressure and held together with glue. You can find it at Home Depot (insulation aisle).
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Also, you can easily paint homasote to match your wall but the pin holes start to add up over time making for an ugly surface, so I recommend covering the board in a self-healing fabric (anything beefy enough to recover from pin holes). I used a heavy cotton twill found at most fabric stores. Choose a very neutral, solid color (beige, natural canvas or any grayish version of a solid color as I did here) so that it doesn't compete with all the great work you'll be posting over it.
Just ordered this wall-mount magnetic thingy from The Container Store for the pushpins> I like the bubbly 60's vibe of this, it reminds me of the cool, yet ridiculously expensive, molded plastic organizer, the Utensilo.
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I really want this one: The Eames Aluminum Management chair.
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Now, hopefully this serves as motivation to get going on that long list of personal design projects...