Hugo Kornelis (1/19/2010)
I was not able to find the maximum number of full-text indexes per table. (I'm still hoping someone else finds this and posts a link).
Here it is: http://msdn.microsoft.com/en-us/library/ms187317.aspx
CREATE FULLTEXT INDEX (Transact-SQL)
Only one full-text index is allowed per table or indexed view, and each full-text index applies to a single table or indexed view.
Hugo Kornelis (1/19/2010)
So the actual maximum is (499 + (maximum FT indexes per table)).
And it's 500 🙂