Massive entertainment center replacement ideas?

For many years, our family has had a massive entertainment center. I have found that it IS possible to get great sound out of my current system in spite of the presence of "Gladys" as it'll be called. But I still can't help but wonder how much damage is still being done to sound which is asymptotically approaching perfection (for me) by the gargantuan entertainment center.

And now, (insert Hallelujah Chorus here) the POINT:
Mercifully, my wife has consented to ditch Gladys at any time, provided that I can come up with something that more or less still hides the cords, cables, etc. OK fellow A'gon-izers, IDEAS???????