I haven't had a lot of success with cutting things down to standard sizes, but when I invested in those plastic boxes (slightly larger than shoeboxes) my fabric chaos was significantly reduced. Pretty much anything smaller than a F8 goes in those, and they're mostly organized by colour, although I have a couple of boxes dedicated to orphan blocks, multicoloured prints, etc. When I build quilts, I usually start with a colour idea so that system works pretty well for me.
Yesterday I decided I needed one box to keep my thread cones in (instead of having them in various bags and boxes scattered around the house). It's a small help but a step in the right direction because I do so much better if I know there is a proper place for things (and there's room in that place for those things ;-)).
I miss rryder, too... :-(