I'll agree with Nescafe that the manufacturer recommendations are often over the top or way too lax! However, here's what I've found over the years:
1) Try to keep as many things - particularly things that are easily hydrolysed - out of the fridge as possible. So, for example, t-BuLi can't be reasonably stored at r.t., but n-BuLi may be OK if you use it up in a reasonably short period (say a month or two). Being in the fridge means that, no matter how well you store it, it's likely to pick up water during the heat-cool cycles when you use it, degrading it quicker.
2) Desicators may or may not work, but they do take up a lot of space - which is usually at a premium in lab fridges and freezers! Personally I never thought they were that useful.
3) A vacuum sealing device intended for storing frozen food is the most awesome tool I've ever come across for dry storage of reactive chemicals. I found this tip on a blog somewhere and I'm afraid I can no longer recall which one, but it saved us so much money in hydrolysed reagents. For example, we could keep a bottle of in the fridge n- or s-BuLi in a vac sealed bag for two months and it would titrate identical with when it was put in. Other reagents, such as triethylborane (used for making Et2BOTf for aldol reactions), went from lasting weeks to being usable after 12 months. No dessicant or flushing the bag with inert gas - just stick the bottle in, suck the air out and seal. To be sure, I always used to parafilm the tops as normal, too, but I don't know how important that was.
Depending on the model, you can buy individual bags of various sizes, or you can get continuous rolls which you cut to length. I always cut a nice long length so it could be reused multiple times (you just cut off the seal, use the reagent then seal it back up - the bag gets a little shorter after each use, and may eventually need to be replaced but you get more value by using a long bag than making a new short one each time). I think they're some sort of laminated plastic, but they seem quite resistant to everything we stuck in them. As I recall, even a bottle of BBr3 - which ate its own SureSeal - didn't break through when stored in the freezer