Hi Marty,
I usually take my 7" sander with a med/fine disc and bevely the edges on the exposed side, usually just takes one pass. I then nail it up with my finishing nailer (putting a slight angle for holding strength, not much head on the finishing nails to hold up vertical loads). It is allmost impossible to get the seams perfect and the plywood will vary enough in thickness that they will be quite obvious. By beveling the edges these problems are not noticable. I also think that it is more attractive and less labor intensive than stripping the seams (easier to paint also). You could also cut them to 4' X 4" for a little more custom look. I surbscribe to the theory that if you can't hide it, then emphasize it. Hope this helps and good luck on your build.