Boon's Grass Drying Rack to save the day--while this ingenious product has been out for a while now, I just got one and love, love, LOVE it.
All this drying rack is is a bunch of green plastic blades of "grass" sticking up from a white plastic tray. Simple in theory, but amazing in function.
The blades are plentiful and sturdy and there's tons of space for storing a wide variety of baby paraphernalia. With nothing else on the rack, I've managed to stack and dry 12 standard-width baby bottles and cups at once with no side-hangover. I generally don't dry that many bottles at once, though, so I always have room for nipples, bottle rings, toys, etc.... even the occasional coffee cup (those blades are strong!)
Unlike traditional racks, everything fits nice and snugly onto the slightly flexible blades so that there is little danger of you knocking just-cleaned items onto the floor (almost as terrible as spilling breast milk, no?) And everything is just a little suspended above the plastic tray so that nothing is sitting in water (yuck). Plus, the entire square rack of blades slips easily in and out of the drip tray for easy cleaning.
This rack is for sale for around $14.99 at both Amazon and Babies R Us (and surely at other retailers as well.) If you're sick of dealing with other complicated, messy, or just plain annoying bottle racks, this is the answer to your prayers!