This could be a good media cabinet to go under the hanging plasma TV. Stick the Xbox 360 and Wii gracefully on either side of the top, and use the little holes to stick game boxes or something.

The magazine holder its a particularly nice idea, but there should be more than one.

Some notable features I'd have to hack into whatever furniture I end up using for the AV area:
* 1. Cable holes are on the bottom instead of on the back of the furniture, and furniture sits higher than wall outlets, allowing it to sit flush with the wall.
* 2. A "breathing hole" to keep the AV area from getting too hot.
* 3. At the right are kitchen-style cabinets for DVD movie cases, stored facing upward.