I tend to keep my collection in calibre [and I only keep those I like] and I tag those I have yet to read with the tbr tag and have made a virtual library for them.
I keep about 100-150 books on my kindle at a time. Once I hit the 50-60 mark, I hook up the kindle to my laptop, delete all the read books off it through calibre and load up my next batch of tbr's. Doing this 2-4 times a year isn't bad and it gives me lots of choices without overwhelming me.
But I don't keep books, anymore, that I know I won't re-read. More for keeping my calibre library smaller for ease of management. I keep track of what I read at booklikes and I use that as a virtual list if/when I need it.
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