Ops, forgot to answer the second question.
Views are not limited in the number of docs they can display. That is a db size issue.
However, the amount of info you can display in a column for a document is limited, and I would think that 32K should just about be that limit.
Basically put, and without supposing anything on what is displayed, a view should not attempt to display everything that is in the document - especially in Rich Text fields ! Views are sorting tools that are used to find a document amongst many others. Once you've found it, you open it to get to the data.
Of course, displaying essential information to allow for a useful overview is a good thing, but putting more than two lines worth is overkill.
Pascal.