I hit 32 people easily, but to be honest I never really felt like I needed anymore. If there was someone that wanted to be added I just deleted someone I had not seen play in a while. That being said, increasing the amount of friends you can have is still a good idea. It certainly wouldn't hurt anything.
Everything I've learned about life can be summed up into three words: It goes on -Robert Frost Waiting for Lost Planet 2, Brink, Civ V, SC2