They're great BUT they're very labour-intensive if you want to keep them up-to-date and know exactly where things are.
The bulletin boards (and actually they don't have to be bulletin boards - you can use the big ceiling tiles that are used in suspended ceilings) keep everything visible and readily accessible. I put labels on the outer/visible edge so I can see at a glance what's on each board.
When I want to work on a particular project, I just pull out the board/boards that apply to that particular project and everything is handy.
The DIY of the Day:
On Thursday, I showed how to make a bowl from quilling paper.
Today's DIY is generic cans for your pantry using the same method.
You can email me if you would like me to send you the .pdf file for these cans.