i rotate toys and find they play with more when less is out. So i have one or two large storage boxes and put away 50% of what they have for a month or so (until they look bored) then switch it out.
I tried the bins but my kids can take the bin out, dump it all over the floor and make a huge mess, then walk right over it to the the next bin/basket/bucket....
Now I do stations. So in one corner will be all the thomas the trains (wood) and the play kitchen with all its stuff. Upstairs will be little people racetrack and farm, with a huge play tent and in the storage bins I will have other toys, play tunnels, painting stuff (play doh will be out or wonder color), and so on. Also found if I move the toys when I do the reshuffle they get excited about the toy again!