Video Review of the Armorytech Controller Rack.
The MSRP for this is 14.99 and you can get it at armorytech.com. It works for all your current gen controllers and your last gen controllers as well.
Pluses: its cheap, its effective, it has a nice design
Minuses: you can only buy them online, not at any local stores
Overall, I give it a buy, the price is right, and it does its job perfectly