Thank you everybody that responded to my dilemma. I am going to go to home depot tonight and see what they suggest. I would like to carpet it, but I am not sure how well my cutting table (5 feet long) will move around on the carpet. But then I want tile, because the cutting table would easily move around, and it is pretty easy to lay down. I know I am going to have to do some prep work to the floor because the paint is chipped in some areas. Errr, I wish the guy that we bought the house from prepared this floor the proper way. I wouldn't have this problem right now. But, he wanted a quick way to fix a problem so he could sell the house.
Anyways, thanks for all the suggestions.