~Toy Room Organization~ Expedit units or units which hold baskets are perfect. Separate the toys into categories and don't forget to label the baskets. You could add a photo of what's in the basket so the kids can pack away. (We can dream right?
I like the alcove feel of this pic, and the sliding barn style doors. ikea sells this system. great way to portion off or "hide" a small room/nook. easy way to turn an alcove into a guest room if you don't have a full spare bedroom.
On the wall opposite the media cabinet, custom cubby benches store bins of toys. A chalkboard table for playing doubles as a storage spot for larger bins of toys. this is a nice play area for kids. it has nice storage too:)