The finish coats have been applied. Several coats, and it's a little smelly in here, but not too bad. I have just opened a few windows a bit, however, and turned up the heat.
The final coat, I think, could have been a tad more neat. But all things considered (that a rug will be there) I am not going to stress over it. If it really bugs me, I'll sand it down and redo it in the summer, when it's not below freezing outside.
I have also decided against paneling on the walls in the landing and on the stairs. I'll just stick with a chair rail, which will be easier, less expensive, and more elegant.