Corralling the Cords

Recently, I won the Most Awesome Girlfriend Award when I surprised Will by having our TV mounted on the wall above the fireplace while he was out of town.  I'd like to thank a little piece of rad internet called TaskRabbit.  You should check it out - and if you do, use my discount code (PAL40580) to get $10 off your first task! 

I was, in fact,  happy to be done with it. Our TV is now hung gloriously above the fireplace, rather than sitting on a table in front of the fireplace, and we can now watch TV with a roaring fire.  Of course, we haven't made a fire yet.  But we will.

Now, of course, there is the issue of the cords.  As you can see in the picture below, they are a bit of an eyesore.

a tangled mess of cords

also this.

Anyone out there have tips for wrangling this mess?  I'm going to get a small container or basket to go under the table, to hold the video games and controllers and any extra cables we may have. That will solve the problem of the messy piles. In front of the table, you'll notice the VCR/DVD player and the Tivo - both of which will be moved (Tivo will eventually be sold, VCR/DVD player will be moved to another location since we don't use it often). 

But there's the issue of the drapey mess hanging from the TV.  I could just kind of gather the cords together and secure them with nails, so at least they're in a straight line and not a jumble? They'd still look kinda funky, but at least it would be neater?  

Any ideas?

PS I made a fire.
PPS weird commercial.
LTD.