So far I never asked for a review of the QotD before it is going to be published, as this would mean a big effort for Steve or some other top experts. But today I am joining the Choir of the Dissatisfied.

http://msdn.microsoft.com/en-us/library/ms143432(SQL.90).aspx shows it clearly: there is a maximum of 250 indices per table, one of them clustered.