I use 4 large Ikea plastic tubs (probably similar to the really useful boxes) and a couple of large bauble boxes from a local department store (each has 2 layers holding 24 in each layer). So my delicate baubles go in those 2 boxes, and then I have a few things in smaller boxes in the large tubs.
1 tub holds lights (a few sets), the tree stand and the tree topper.
1 tub holds the small boxes of long dangly baubles, a couple of heirloom ones in their original boxes, our nutcracker collection, and tubes of different coloured plain balls. And some strings of tinsel (mainly for DD to play with rather than the tree).
the 3rd tub holds my Christmas themed crockery (I have a few mugs, a plastic set of bowl, plate and glass for DD, and a small cream jug, and a couple of serving dishes for dips etc) and about 4 hand towels that come out for the couple of weeks as well. And DD's stocking.
The 4th tub comes out in early December so that has the books, DVDs, CDs (we have some Rat pack, choral music, Christmas party classics, and seasonal classical music), DD's duvet set, her advent calendar, and festive fleece blanket.
They do take up a bit of space - but it means they are all safely stowed away and stacked up and I can find what I need at the right time.