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Funtick - 7:35 pm on Aug 28, 2008 (gmt 0)
"Clickable" is content too. You don't really need "sitemap"-type pages in SERPs. But (for instance) list of clickable titles of books in a specific subject is very "content-rich" for human eyes and for Google.
Nothing wrong with 200 links (not more!); after that you will get warnings in WMTools (not more!) - not a penalty.