Julie's Dining Room: Lighting

Changing out the existing lighting in an apartment is a pretty quick and easy way to make your space feel less like a rental and more like a home.  One of the first things we did in Julie's apartment was change out the neon lighting in the bathroom (aka the most depressing light in the world) to a flush mount.  
Julie has wanted to change the chandelier in her dining room for a while, but we've had a hard time finding a light that we love that doesn't completely blow the bank.  We've been scouring the internet for the past few months and have narrowed our search down to two:
The frontrunner is this wood bead chandelier from Feiss:

The chandelier reminds us of this Regina Andrew chandelier, except that our option is $150.00 and the Regina Andrew is $1,200.  

Not convinced on the beaded chandelier look?  Here's some room inspiration:

Although we love the look of the colored beads, we think the neutral Feiss option is a little more practical but still just as whimsical.

Also in consideration is this pagoda lantern from Shades of Light.  Julie is considering this in black or red:

We love how classic and clean lanterns look when used in a dining space:

Here's a couple crappy iPhone pictures of the current chandelier in Julie's dining room:

Now you can see why we're in a rush to make a decision and get this thing hung by the end of the month.  Which do you think will work best in the space?