2003:
Cells can contain 1024 characters in a formula
Cells can contain 32,767 text characters but only the first 1023 will be
visible (unless you use Alt Enter to force line breaks)
2007:
Cells can contain 8192 characters in formulas
Cells can contain 32,767 text characters in cells and all can be seen and
printed without needing to use Alt Enter.
If we specifically open up a cell with many text characters, we can see them.
The problem is when the spreadsheet is opened "autoadjust" for the rows does
not show all of the characters present. Is there a fix for that?
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