I think the first layout is fine. You might want to consider moving the door for the storage room of the master bedroom so that it opens into the hall. That way the kids can use it for overflow storage. Also, that hallway is big enough that I think it could hold a large armour, providing more closet space. (There's no need to sleep in the same room as your clothes, so long as they're not too far off.) Also, don't forget that while the drawing shows kids in double beds, this need not be the case, so there will be more room for furniture (dressers or whatever) in their rooms. Finally, that step to bedroom 4 will not be odd at all. I've seen it in other homes. It looks clumsy in the drawing but it isn't. What you'll see when you come up the stairs is a bedroom door on a slight diagonal. It's only an odd jagged step if you walk like a robot, in straight lines along the wall, which is what your eye is doing on the drawing but you won't do in real life.

Here are a couple of interesting ideas off this website, using a hanging panel, a rolling clothes rack or Ikea wardrobe door. DIY information is on the website. http://www.buzzfeed.com/peggy/room-dividers

I recommend having the TV in a separate well-insulated room if you're having a great room/open floor plan. We combined a play room/media room and put french doors on so TV is visible from great room/kitchen, but noise is contained. Also, love having hand-scraped distressed wood floors that have withstood our kids and dog. Quartz counters have been proven crayon/paint/marker/anything-resistant. A mudroom with cabinets helps contain backpacks and coats by entry (ours is by garage entry since that's how we get in the house). Maximize built- in storage in every room--it's nice to have the option to store away all the toys/school projects/art supplies where they're used and played with. Consequently, we also put in a walk in pantry to store packaged foods and craft supplies. Can keep going, but these are good to start with. Goodluck!

My dining room is a nightmare :(