Right, so a blog post I read the other day mentioned the Terminator Terminal Emulator. It sounded nice, so I thought I'd try it.
I'm pretty much converted. Below is a shot of the tab I'm using to watch the various logs. I use that tab to figure out what's going on in my current Codeigniter project. I keep it on one screen, and my text editor on the other. Much better than opening 6 different Gnome Terminals and having to resize them all until they fit.
There are also a lot of keyboard shortcuts, so once you learn those, you won't have to touch a mouse when you're working the terminal if you don't want to.