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What are the negative effects of having Opportunity fields to it's max capacity?

My org uses opprtunity object that is full to it's capacity, I am sure this may not be advisible. I am a Java person and new to SF. My thinking is all the fields need not be on Opportunity object, and we can modularize it in different related objects. With this background I would like to know, what are the negative effects of having Opportunity fields to it's max capacity? and what are the pros and cons of modularizing the code in different related objects?