Ways to hide your AV component clutter?

I wish every Mfg would decide on a standard for where their plugs are. I've got 3 HDTVs: One has all the plugs on the left side, one has them on the right side and one has them all near the middle. The TV that most matters is the LCD that is mounted on the wall in my bedroom. Here, all the cables are exposed. The best I could to is to use ties to gather them all up neatly, then take shrink wrap (it comes in different sized tubes), cut in, open it, wrap it around the cables and use a hair dryer to shink it. I do know that someone makes a collecting wrap (it looks like a long sock) to do the same thing, but sheesh, that would be too easy.

I have built two bookcases with open backs, one on either side of my fifty inch HDTV. This helps to keep cables short and out of sight. Also keeping components in the same general area means I only need to point any remote in the general area to allow full function. Dressing cables with velcro straps keeps them neat but easily seperated for expansion or replacement.

Don't laugh-- this is a very low tech solution. I found that you can use an old telephone cord (the ones that coil) to completely consolidate and cover multiple cables and wires. My walls are ivory-colored, so a matching cord tidies everything up and blends into the wall behind my equipment.

I have a cable/wire jungle behind my home theater and component stands which I'd like to corral someday but if you have high heat producing components you might want to think twice before enclosing your component cabinets too much. Things like receivers, xbox 360s, PS3s, etc. require a decent amount of ventilation so just be sure you don't have too much dead air in your cabinet once you go for better aesthetics.