Yes, that was what I meant, although cliff and joann's idea is equally good, assuming the couch will fit into the bay window. I think the largest piece of furniture always looks best when it's facing the TV, so either way would work. However, having the door that close to the couch may not be a good look. I would get another chair or love seat to complete the seating area and a smaller coffee table with a glass top and metal legs to maximize the spaciousness of the room. Of course you'll also need smaller tables with lamps by some of the seating to complete the look. Do you have wall to wall carpeting? If not, then a beautiful area rug would give a lot of color and interest to this room.

You appear to have baseboard heat/ac beneath those windows. That's something that would need to be addressed if you build in a window seat and/or taken into account if you place your sofa in that window bay. One drawback to having a sofa floating in the middle of the room (as shown in your pic) is that there are no end tables with lamps (hidden cord issues) for either end of your sofa ... unless you're setting one end table between the sofa and the wall that separates the living room and kitchen. Your walk-thru path would then be between the sofa and the large window/window/seat. If you prefer the back of your sofa against the wall (with end tables on each end), another option might be to move the doorway between the living room and dining room closer to the fireplace and face your sofa toward and centered with the large window with a couple of swivel rockers and table between them in that window bay.

Do you intend to try to fit a TV in this room? Just for kicks try the sofa in front of the windows. Pull it out so the back is even with the walls and it doesn't go back into the bay. Then you could add a sofa table in the bay with one or two lamps. Are you keeping the stripes?

eliminate the peninsula /eliminate the diag sink / eliminate double ovens-get a range w a good hood instead of cooktop. Construct a U kitchen with your three walls and w the changes it should work better. You have over 10 ft across...so 5 or 6 feet of aisle. there is no reason why you can't get a U kitchen to work for two cooks. Eliminating the bay window seems unnecessary. You need lighter walls..lighter counters.. w blinds closed and only one window. You'll get better task lighting as part of a redo. Good ceiling feature also: so start with calculation of budget, as new appliances and new everything are part of a good plan. You have space.