I think when you start to lose track of the books you have that you actually want to read, then it might be time to stop accumulating for a while.
I've been trying to gather up my data into a TBR spreadsheet, lately. At the moment it's in the 400s, and doesn't yet include quite a lot of stuff, but it also does include some books I don't really care if I never read. When I've got everything in there, I'm going to cull the ones I'm less interested in to a second list, and see where I really stand.
In the meantime, I'm only buying new books I really want to read now (or I really want to read later and are on sale), and I'm not grabbing freebies unless they really sound like something I might like.
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