The basic situation is that I have a list of company contacts that exist in one site that I would like to share. The contacts are referenced from a list within that site, and I would also like to be able to reference them from a list in another site collection. Lookup columns can only lookup values from a list within a site, but this is the functionality that I would like across site collections.
Is there a common solution to this sort of requirement?
You will need custom code for this, but since the amount is minimal and this is Stack Overflow I assume that won't be a problem. You will want to make your own listview web part that queries the list using ListViewByQuery. An example can be found here: http://blogs.msdn.com/b/ramg/archive/2009/04/21/implementing-a-simple-cross-site-collection-list-view-webpart.aspx