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gotherthanthou I know this is in the doco somewhere, but I have been unable to find it.
What is the maximum # of fields in an object, and what is the maximum # of formula fields in an object?
Do formula fields use data storage space, or are they calculated when a record is retrieved?
500 is the max # of custom fields you can add to an object, and formula fields count towards that limit, but formula fields do not consume any data storage space.
I don't know of any limit on the # of formula fields beyond the overall custom field limit of 500, but it's possible that there is such a limit on the # of formula fields and I have just never hit it.