Bigsnowdog
ArboristSite Operative
Park it out then. If you have a good imagination, and some time to experiment you can have a great time, and learn a lot about forestry.
I'd encourage you to dedicate some of the acreage to production timber, rather than just landscaping, for down stream income.
Also, some states have tax incentives and deferments for timberland that might be good financial help.
Check out NWOA, (National Woodlands Owners Asso.) for what's current in your area. They have a quarterly pub. that is full of info. They also have a website. www.woodlandowners.org
If you need more tips on land clearning, ask. I have tons of experience doing subdivisions and residential homesites.
Park it out, meaning....make it like a park? That is what I have been thinking. The hardwoods can be dense, but the conifers need more room, with the exception of the hedgerow concept you mentioned.
I want to get some nice concrete benches that I can put out in it.