I have a basement that's pretty big and has wood paneling all around. My wife and I hate the paneling since it's dark and has grooves spaced throughout it as part of the texture. So naturally we're thinking about removing it and replacing it with a different material like drywall. The problem comes in that we've had cracks in the basement walls (we have a raised basement and the floor is ~4 ft below the ground) with some seepage. We've had those cracks repaired and everything is fine now. One nice thing about the wood paneling is that the panels are really easy to remove and hang back up which makes crack repair hassle free. Drywall that's been hung nicely will not share this quality.
Are there any other materials that someone can suggest for a wall? Something nice that I can paint white and remove easily if a new crack develops? I had someone suggest cement board but I wanted to get some other suggestions.