I also just came across this. It seems like the direction that I personally need to go in order to use my sony earbuds.
[img]http://i16.ebayimg.com/01/i/06/a0/8c/60_1_b.JPG[/img]
edit:
http://smartwrap.net/
edit #2: This looks pretty cool to keep your desktop wires nice
http://www.futurelooks.com//?m=show&id=158&page=1
http://www.futurelooks.com//?m=show&id=158&page=3
for $4.99 it doesn't seem like a bad deal. And I'm sure you can go to home depot and buy some materials to replicate it for $.88 or so ha