Short ;-)
The problem is that every web server and every browser has own ideas how long the maximum is. The RFC for the HTTP protocol gives no maximum length. IE limits the get to 2083 characters, the path itself may be at most 2,048 characters. However, this limit is not universal. Firefox claims to support at least up to 65,536, however some people verified that on some platforms even 100,000 characters work. Safari is above 80,000 (tested). Apache server on the other hand has a limit of 4,000. Microsofts Internet Information Server has one being 16,384 (but it is configurable).
My recommendation is to stay below 2'000 characters in any case. This is not guaranteed to work with every browser in the world (especially not older ones), but it will work with all modern browsers. Further I recommend to use POST wherever possible (e.g. avoid using GET for FORM submits - if some users want to simulate a FORM submit via GET, make sure your application supports the desired parameters either via POST or via GET, but when you submit the page yourself via a button or JS, prefer POST over GET).