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Check the 'Single Malt Scotch Collection' shot in my system photos:
These are IKEA's Norrebo shelves. Good looking, very sturdy, and cost-effective.
Per Madsen DEsigns (Rack It) has already been mentioned. They offer two different sizes and endless configuations for lps and cds. They are made of furniture quality oak and they are extremely durable. If you buy the bottoms w/casters you can literally move hundreds of lps with one hand. I have 22 of 19" Rackits for lps. Great customer service too. Per Madsen actually answers the phone and answers all questions. Prices are reasonable (as are shipping costs). You can't go wrong.
I got a local furniture maker to build me a bookshelf type arrangement with 3 shelves at the bottom for records, 2 in the middle for DVDs and 6 at the top for CDs. It really wasn't all that expensive (about $AU800) and, of course, it fits perfectly in the space it is in as it was made to measure. It's worth looking at this option.
+1 on the Boltz.com furniture. Extremely well built but you better like the industrial look,
Boltz LP Rack
I use both the LP shelves and the CD storage. But save the $120 castor charge and get the same thing from Lowes for $20.