Just a thought.
Get yourself an HTPC and a media server.
1. Rip all your DVDs to the server.
2. Combine multi-disk movies into a single file.
3. Store all your DVDs in the closet.
4. Use DVDLobby and your remote control to organize, browse and launch movies.
All the advantages of an HTPC, all the advantages of a megachanger, plus some.