Well, a lot of my older console stuff and games are packed away in boxes in my spare (gaming) room
That room only has a Wii and Xbox setup with an 32" Trinitron crt right now (both the Wii & Xbox have games on their HDD's).
If I wanna play other stuff I dig out what console & games I want.
I have my 360 in my lounge room (32" LCD and home theatre in that room), with some 360 games and DVDs/Blu-rays on shelves.