IE3 truncates URLs longer than 255 characters.
But the limit is also server-dependant; it's usually some KB. I found this in RFC 2616 (HTTP 1.1) :
"The HTTP protocol does not place any a priori limit on the length of
a URI. Servers MUST be able to handle the URI of any resource they serve, and SHOULD be able to handle URIs of unbounded length if they provide GET-based forms that could generate such URIs. A server SHOULD return 414 (Request-URI Too Long) status if a URI is longer than the server can handle.
Note: Servers ought to be cautious about depending on URI lengths above 255 bytes, because some older client or proxy implementations might not properly support these lengths."