Nice. I switched to the solid colors shirt and slacks outfit a year ago. This sounds like a good improvement to the process. Those that scoff at it -- I went from wasting about 1hr to now spending about 20 min in the morning "getting ready". 40 minutes every day is a good chunk of time:
(admittedly the outfit choosing part was only about 5 of those minutes, but still a good chunk of time over 5 years)
edit: oh yeah, I don't even choose a color. I just line them up ROYGBV.
I still get to make a decision about which color shirt I'm going to wear that day, but don't need to think about even reaching for socks, since they're already in the shirt roll.