The problem with all the storage systems mentioned is it is so hard to read the album spines. I used to keep my albums in 4 Ikea bookcased, 7'x4', often forgot I had certain albums.
I finally copied the type of bins you find in music stores. This way the albums face you, it is easy to flip through them and to make dividers for them. I have them divided by type of music and then each type is in alphabetical order. I made them out of MDF, two of them have drawers under the album bins for cds and accessories, and the other two have shelves.