To Paint or not to Paint?

Sometimes I have a hard time deciding what do to with a project. I found this table at a garage sale:

Originally, I was going to repaint the base heirloom white and do a blue and white chevron pattern on the top. (I know, chevron on a circle, I must be crazy.) But then I started looking closer at the top and noticed this:

Now I'm thinking I can't cover up that gorgeous inlay. I thought about just painting the tray and leaving the sides as is, but that might be too busy. Not to mention the wood on the top is really nice. What do you think? Do I paint the top or refinish the wood with a nice stain?

Don't settle for dull, live a refinished life!