I've toyed a bit with LibraryThing, Shelfari, and GoodReads. I haven't used these much as I was never able to figure out their real benefits. I've mainly relied on an Excel spreadsheet but recently this has fallen into disuse as I'm often distracted by things like converting books for MR, looking for new books to convert or read, and, occasionally, reading. While I used to care a lot about organizing what I've read and what I plan to read, I find that I hardly care any longer and would prefer to keep a short list in my pocket of absolute must reads and forget everything else.
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