Absolutely use the idea! That's why I wanted to start this post.
I bought one of those mini handheld printers that print out the plastic tape (at HomeDepot). It's one of the best tools I have. I label EVERYTHING! I also bought a variety of servo connectors, wire and crimpers at HanenHobbies.com. It makes wiring a tank almost (almost) fun.
Here's a picture of some of the connectors I bought. I think their prices were really good and the service was fantastic.
tjs