Originally Posted by
ghostrider
Another excellent option, since you're still at the building stage, is to put up homosote, either over or instead of, drywall. You could then just hang or permanently adhere your batting/flannel/felt to the homosote, depending on how you want to impact the resale value of the house. Homosote would be more sturdy than foam insulation, yet just as easy to use.
Just wanted to add that you could just staple the covering to the homosote, too. Removable but not floppy. Homosote is like bulletin board.