After careful consideration we opted for the framers suggestion to eliminate the full wall surrounding the staircase and make it a half-wall.  Not only will the new wall allow more light into the stairway it also make the kitchen seem that much larger.

A couple of views from the lower level.  The first is one of the bedrooms followed by a storage room with access to the exterior.  Second photo is the entrance to the workout area that is prepped for a bathroom in the corner.