Twitter's Follower Limit - Good or Bad?

Twitter has had a limit on how many people a user can follow in a day (1,000) in place for some time, and on Monday the company said this limit was not being consistently applied to all accounts, but that it would be from here on out.

In increased amount of complaining about spam and a recent wave of "Also, it is unlikely that anyone can actually read tweets from thousands of accounts which makes the mass following activity disingenuous," says Twitter. "We understand that there may be exceptions where mass following is needed in excess of the daily limit: for example, some API applications or for the ability to exchange direct messages. There are also some who think it’s simply polite to follow back other accounts."

Twitter encourages users who feel that they fit the bill of such exceptions to leave feedback with
Andy Merrett
"I just can't get my head around the concept that anyone getting over one thousand follows per day can possibly keep up following them all back," Andy adds.

Would you ever have a need to follow a thousand Twitterers in a day? What do you think about Twitter's limit?