How Should I Organize These Console Cords And Cables?

Getting settled in my new house and am trying to streamline my console step up. I've reduced consoles to current gen only. But still am facing a mass of cords.

You're staring at cords and cables for a Japanese Wii, a 60GB PS3 (with backwards compat), a Japanese Xbox 360 and an American Xbox 360. Looks like a fire hazard! Probably is. Likewise, Behind the TV is a mess and mass of cables and cords.

Trying to figure out a way to make this neat and tidy. There are a couple options I'm exploring — though! We don't call this tag "Kotaku Helpu" for nothing. Your advice and expertise is most appreciated.