I'm w/ Big Will on the binder idea.
If it's a look you're going for, you don't have to use zippered binders. I originally tried to use an idea I saw in Real Simple magazine that showed CD inserts in linen 3 ring binders. That would make a much more "classy" look. Here's the link to the binders:
http://www.quincyshop.com/bex3rinbin1b.html
The issue was that those binders can also get $$$. However, the total space is still going to be less than a rack. And if you need to keep the liner notes, just store them in whatever type of box you like from an organizer store.
