Here's my living room. Two 55-inch TV's. FYI, the two televisions were my wife's idea. She wanted to be able to watch two football games at the same time.

UPDATE 2-5:
Latest update includes all my playstation games across 3 platforms. I will post my PSP games later with my other portables.
PS1 Games #1

PS1 Games #2

PS2 Games #1

PS2 Games #2

PS2 Games #3

PS2 Games #4

PS2 Games #5

PS3 Games

UPDATE 1-31:
Hi guys. I decided to post pictures of my games in this thread rather than starting a new one. This update includes only Nintendo and Sega Games. Additional updates will include other manufacturers. Thanks for looking.
Nintendo (NES) Games #1

Nintendo (NES) Games #2

Nintendo (NES) Games #3

Nintendo (NES) Games #4

Super Nintendo (SNES) Games

N64 Games

GameCube Games

Wii Games

Sega Genesis Games

Sega CD Games

32X Games

Saturn Games

Saturn Japanese Games

Dreamcast Games

UPDATE 1-23:
Back again. All the major work has been done on the game room. I hope you guys like it. I don't have all my systems hooked up, but I have most. I will discuss this when I get to the pictures of the systems.
Please keep in mind there are a few things lacking still. I need a few gaming chairs so the only spare furniture we have at the moment is an old chair which can be seen in the pictures. This will have to do for now. I don't have anything on the walls such as posters, pictures, etc. This is relatively minor but the room still looks bare as a result. I am waiting for an FZ-10 3DO to arrive and this will be included on the stand to the left on the bottom shelf.
Now on to the pictures
Picture1
This picture shows an overview of the entertainment center, systems, and televisions. The television on the wall is hooked up to the DIRECTV only. The television sitting on the entertainment center has all the systems hooked up. To the left of the entertainment center you can see my first stand containing games.

Picture2
This picture is just a close up of the overall display.

Picture3
This picture is an overview of the North-East corner. It shows my bookshelf, Game rack #1, and Game Rack #3.

Picture4
This picture is an overview of the North and gives a better view of Game Rack #3.

Picture5
This picture is an overview of the South-West corner of the room. You can see Game Rack #2 and my portable gaming systems.

Picture6
This picture shows a close up of the shelves above Game Rack #2. It has some of my portable systems along with a few of my game system boxes.

Picture7
This picture shows the closet to the West. I have a lot of my game systems boxes in here along with all of my gaming accessories.

Picture8
This picture shows some detail of the console boxes in the closet. Most of the boxes contain systems which I do not have hooked up. Boxes in the closet with systems include: Neo Geo AES (not shown), Amiga CD 32, 3DO FZ-1, GoldStar 3DO, Genesis, Sega CD (not shown), Neo Geo CD, SNES, Steel Battalion Controller, Sega CDX, NES (not shown), TurboGrafx 16, NEC Duo-R (not shown), Jaguar CD (not shown), and Sega Master System (not shown)

Picture9
This picture shows the container I use to store my controllers and other gaming accessories for each system. I have 12 of these in the closet.

Picture10
This picture shows some detail of Gaming Rack #1. It contains games for the following systems starting on the left and moving from top to bottom: NES, SNES, N64, Gamecube, Wii, Genesis, Sega CD, 32X, Saturn, Dreamcast, Jaguar, TurboGrafx, 3DO.

Picture11
This picture shows some detail of Gaming Rack #2. It contains games for the following systems starting on the left and moving from top to bottom: GameBoy Advance, DS, PSP, PS1, Neo Geo CD, PS2, PS3, Xbox, X360.

Picture12
This picture shows some detail of the system rack on the left which contains all my Nintendo and Sega Systems. From top to bottom it contains: JVC X'eye, Saturn, Dreamcast, FC Twin and N64. The twin replaces my NES and SNES. I don't have a Gamecube hooked up because my Wii in the living room plays those games. The only thing I would like to have hooked up here that I don't is my 32X. The empty shelf is for an FZ-10 3DO.

Picture13
This picture shows some detail of the system rack on the right. From top to bottom it contains: TurboDuo, PS2, Xbox, Pioneer CLD-A100 with Pac-S10, Jaguar, Consolized Neo Geo MVS. The PS2 handles my PS1 games. I don't have my Jaguar CD hooked up (afraid of it failing). I don't need my Neo Geo AES hooked up due to the MVS. I am not sure if I want to keep the MVS here as the wood that it is mounted to looks ugly. I can remove the wood, but I need to have it mounted to something.

Picture14
This picture shows some detail of my bookshelf. This contains all of my gaming related books, magazines and strategy guides along with my star wars books.

Picture15
This picture shows Gaming Rack #3. Currently this contains all of my PC games and Neo Geo AES and MVS games. The rack is rather empty but will allow further expansion of my collection.

I hope you guys like what I have done. Let me know what you think.
UPDATE 1-18:
Hey guys. Here is latest on the game room progress. It's still a mess, but is slowly coming along.
Picture1 shows the main part of the room. I got my new entertainment center to pair with the racks surrounding the television. I mounted a second television above the first mainly because I like to have sports on tv while I am gaming.

The second picture shows the game storage directly opposite of my TV.

The third picture shows the closet which is where my spare systems, console boxes, and controller storage will be.

I have three pieces of furniture to add to the room. Two game storage racks similar to that shown in picture #2 and a bookcase to hold all of my gaming magazines, strategy guides and general books on gaming.
Hope you guys like the update. The room is still a mess and I am trying to figure out which systems will be hooked up and which will not.
POSTED 1-15:
Hey guys. Got this idea from Crabmaster. We will be moving into a new house and I will have a room dedicated to gaming. I am going to post pictures showing my progress. The thread will be boring during the first phase as the pictures are of the empty room.
The first pictures is looking North. You enter the room from the North-West corner. This wall is going to have game storage and a bookshelf.

This Pictures shows the North East corner. The East wall should have my tv and systems.

This pictures shows the South-East corner. The South wall will probably be fairly empty although the entertainment center and chair/couch should sit against the wall.

The last picture shows the South West corner. The West wall will have some game storage. The bedroom closet is located on this wall and the closet will contain controller storage along with some other stuff.

Stay tuned for updates as we move and the room slowly builds up . I will update from the top of the thread.