Hi bigwave, and welcome to CPF!:thumbsup:
The storage method you suggest would no doubt help the cells to last a bit longer. As with most any chemical reaction, the cooler the ambient temperature, the slower the reaction . Therefore the reactions/degradation of the chemical compounds within the cells would be slower.
Storing cells as you suggest, as opposed to just storing them in a cool dry place, would probably not really make that big a difference though. As long as alkaline cells are not permitted to get "hot", they seem to last a long while. Still, if you have definite plans to store your cells for a long time (years), it sure won't hurt anything.
Take my advise for what it's worth, as I don't really use alkaline cells anymore, with the exception of a few button cell sizes, and a few leftovers that I still have. I started phasing out alkalines in the early 80's due to their generally poor performance and the ability to leak, as compared to NiCd, and now LSD NiMH cells. I also use a few lithium primary AAA, AA, CR123A cells and also, to a much greater extent, many sizes of Li-Ion cells, so for the most part, I'm alkaline free.
Dave