Toller - to be honest, I'm just following the guidance of a "basement
finishing manual" style book. In it, it states that no more than 10
current-drawing devices can be on a 14/2 (15A) circuit and no more
than 12 devices on a 12/2 circuit. It also states that GFI outlets
must be on their own circuit. The book was written in 2006. It
sounds like that may not be the case based on your post and the
referenced 2002 NEC. If you're right, I'd definitely go to 4 circuits
- 1 for half the lights and half the outlets, 1 for the other half, 1
for bathroom stuff, and 1 for the sewage pump. Probably do the
subpanel still just for ease in the future.

Either way though, the permit I took out didn't specify that I'd be
installing a subpanel. Actually it didn't state how I'd be connecting
the circuits to power at all, but in the interest of not ****ing off
the electrical inspector, I think I'll ask him either way since he's
really the opinion that matters. Thanks again though...