It's Olive. It's Sky Blue. It's perfection!
I love that idea of taking basic kitchen elements and turning them into something unexpected and chic. Painted base cabinets make a stronger statement when paired with floating shelves painted the same color as the walls. A striking counter top (stained concrete, perhaps?) provides a contrast between the two elements.
Small details such as the minimalist light fixture and framed artwork (which reminds me of Elizabeth Peyton, whom I love) finish the space in anything but a traditional matter. The open shelves also allow for showing off interesting objects in an often forgotten place.
Inspired? This room that could easily be recreated on a tight budget. Simple, modern cabinets could be painted as well as floating shelves (think LACK from IKEA) to create this beautiful kitchen. Keep the accessories spare. Clean white dinnerware and sleek glasses keep things from looking cluttered.