Um, I've never counted cuts for any of my videos I've made ^^, but here:
when I ctrl+a, and dragged and dropped my timeline, there were 333 objects, spanning the 2:19 minutes. PS. I hope I'm allowed to post pictures :/
note that the HQ.mp4 version is available free here:
http://www.animemusicvideos.org/user/phantasmagoriat
[so you can better see what's going on >.>] You can find all my other AMVs there too