I am with you on ribbon storage! For my smaller pieces where I just have a yard or 2, I wrap them around clothes pins and keep them in a big clear cookie jar. However, I also have a ton of ribbon on spools, like SU ribbon, and want to keep them that way. I am also not a fan of the dowels as I teach classes and like to be able to easily remove the entire spool to take with me. I currently have some baskets that hang on the rods you can get at Ikea, but don't like this method, plus I've outgrown it. So I am considering going with one of two products I have found:
Organize More: Ribbon Storage
Ribbon roll patrol: http://www.ribbonrollcontrol.com/
Both are going to be spendy for the amount of ribbon i need to store, so am taking my time to make sure I make the right choice!