I just got a requirements to implement a highly customized Task Order entity in CRM that is essentially a 1 to 1 replica of the Opportunity functionality. There are several picklist values that run as deep as 279 individual values (upgrade from a 1.2 Installation). Yes, its unsupported but I am working with a couple of applications that will generate the XML I can add to the customizations XML. Here are the credits and links:
- http://blogs.infinite-x.net/2006/08/26/release-utility-to-generate-picklist-options-for-dynamics-crm-30/
- http://www.beatnik.at/picklist_for_mscrm3.php

I had a few issues after several attempts with #2. For #1 I had to replcae the BOLD text similar to:
