Color me grumpy, but I say, "Don't bother." The shelves are temporary; they go away if you have to unregister and reregister — like, say, if you have to change your account password because it's the same e-mail address and password you used at one of the many sites that got hacked recently. Repeatedly setting up your shelves will probably make you crazy.
Personally, I have four shelves: Reading, Next to be read, To be read, and Finished. I generally have about 100 e-books on my NOOK at any given time. Reshelving those when I got a replacement unit (the ol' cracked bezel) was time-consuming enough.
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