The group at Martha Stewart is back on the band wagon with this brilliant idea of a wrap around pin cushion for your sewing machine. Seriously, brilliant! I have seen all kinds of ways to keep track of pins you pull out while sewing- magnets, trays, pincushions that wander away. After the move, I will be whipping one of these up right away.
I noticed MountainBerryButterfly made comment that this wrap around cushion looks like it might allow the pins to scratch the sewing machine. If you have a sewing machine that is metal, I like her idea of making the wrap thicker to have substance to stick the pin into rather than the sewing machine.