In my experience, a modest amount of room treatment can make a very big difference in the ability to really hear what's going on, and it sounds like the OP has a good realistic set of expectations!
A few things that I found pretty important/helpful in my treatment process:
- While a lot of discussion about treatments is about trying to tame various frequencies in the room in pursuit of a flat response, it's also critically important to create a situation where the sound coming directly from the monitors to your ears doesn't have to compete with sound that comes out of the monitors, bounces off a surface and then reaches your ears sometime after the direct sound. Here's a good piece from GIK that discusses the importance of the "reflection free zone":
Early Reflection Points - GIK Acoustics
- You can take a big step towards achieving freedom from reflections with a bit of treatment on the walls on either side of your listening position, and on the ceiling above it, but don't neglect the nearly six-foot wide top of that desk! Sound bounces off it, too, which is why proper studios have the desktop at an angle - higher at the back where the monitors are, lower at the front where you're sitting. It looks like this is the case in the nice-looking setup @
Kickass shared the photo of.
- While the formulas and rules of thumb are useful, be prepared to spend a fair amount of time experimenting witth adjustments to your monitor positions and listening position in all three dimensions. Even a few inches can make a significant difference. And when you do find the sweet spot, mark the locations of your monitors and your listening position on the floor so that you'll have them to refer to.
I know this stuff gets quite daunting; acoustics is a surprisingly complex and often counterintuitive field. But with patience and a methodical approach you can get the most out of your space, and once it's done you can forget about the mechanics and just enjoy the good listening environment!