The cabinet does make it necessary to deal with new wine rather than just letting the boxes stack up. On the other hand, it makes it a touch easier to rearrange bottles than a stack of boxes did. All last weekend's wine is racked and tagged, and only a bit of shuffling was necessary to keep the cabinet. Now everything except the magnums and the boxed desserts are in the racks, which leaves some pretty nice space in bulk storage, but only about 2 cases worth of space in the standard racking (narrow dessert racking still has quite a bit of room).
I haven't bothered updating the inventory. I may do that after I pack wine for this afternoon, or I may not.