Ours looks shocking, BUT I've been looking for a new one for months and months and I really can't see anything I like or is as remotely comfortable to sit on. The cushions on ours do need replacing too so it would be a bit like taking it apart and putting it back together again, so I know it would probably be quite expensive.
I love the shape of ours though and the size is perfect. I'm not sure what to do now.