This is what I do on Foobar ... very minimal, mostly because I have over a terabyte of music and I need quick access to all of it. Always make sure I set my folder hiearchy to be artist > album > songs. I always rename every file in my collection to fit a proper scheme (track number track title), etc.
I really, truly hate the skinning process for Foobar. Trying to install one can be a headache, switching to another is even more of a headache, making your own is a nightmare and finding one that isn't totally counter-intuitive in ever way is a chore. That being said, it handles a ton of music well (WMP can't), has tons of plugins and doesn't lock you into its own user environment like a certain company (Apple/iTunes), doesn't force you to use idiotic file types (ALAC) and has stood the test of time. Have nothing against Winamp or most of the others, though.