I have a small workshop and so rely on a well organised storage system to pack in all that I need. Just recently I saw two articles that are the opposite of this: large workshop and all tools accessible and in view.
The two articles are:
A drawer based storage system can be a beautiful thing: sawdust girl.com – drawer storage organisation
Somewhere between these two extremes feels like a happy medium where you have regularly used tools easily at hand and right in front of you and those less commonly used stored, but easily found.
See also: Coffee Break Storage