Is it possible to set the 'Item Limit' option to Unlimited? (Currently, there are only 2 options
 Display items in batches of the specified size.
 Limit the total number of items returned to the specified amount
For MOSS 2007 List
I don't think there's a better option than just putting an insanely huge number there. But this is clearly not recommended...
Take a look at the SharePoint Boundaries on TechNet ? You should, as it is stated :
For the display part of the data, it is better to stick to those binairies. To query data, there are other ways to do it (using CAML query, SPSiteDataQuery, Search API, etc.)