Tall cabinets take up less floor space and utilize vertical space. If your wine storage needs to be in a den or other space-challenged location this can be a consideration. If it is in a space that will be viewed often, appearance is certainly part of the package. You don’t want something that will clash with your other furnishings.
On the other hand, if your wine storage lives in the back of your pantry or in a quiet part of your basement, then fancy cabinets are not needed. A simple open-faced wine rack that keeps the bottles stable and allows a chance to check on the corks is sufficient.