This is cool, it looks good and is much cheaper than the Minora alternative (Stolmen posts are 55 bucks here in Aus):

http://ikeahacker.blogspot.com/2008/02/stolmen-b...

We actually use the Broder system which is slightly cheaper and have two of those (Broder) poles in the garage. This one (Stolmen) looks nicer if you want things inside though.

We may have even chosen Stolmen before, but it didn't have bike holders, the above article shows how easy they are to DIY though, very nice.