Ikea spice racks as small wall mounted book shelves in children's rooms. It was the perfect solution and the $4 price only added to their appeal. We made a quick detour to Ikea on our way to Mr. Cherry's parent's house last month and the shelves were mine! All I had to do was paint them and have Mr. Cherry install them.
Edited: I wanted to share the alphabet poster with you, and first uploaded to docstoc. However, it appears that you can't access it without paying for a membership. I have since uploaded it to Google Docs. Hope that this works for everyone and sorry for any inconvenience. You can find the free download here.
I am linking to the following parties this week: