Indeed as other have stated, 1 Tesla is very strong. In fact, the earths magnetic field doesn't even match 1 Tesla.
From Wikipedia:
The strength of the field at the Earth's surface ranges from less than 30 microteslas (0.3 gauss) in an area including most of South America and
South Africa to over 60 microteslas (0.6 gauss) around the magnetic poles in northern Canada and south of Australia, and in part of Siberia.
Because the unit Tesla is so large, they came up with a smaller unit called Gauss.
1 T = 10^-4 Gauss.
The magnetic limit was proposed because scientists believed that there was a theoretical limit on how strong a permanent magnet could be, without
destroying the magnet itself.
So far the strongest man made electromagnetic field in a lab is of the order of 40 Tesla.
The strongest permanent magnet consists of Neodymium Iron Boron (NdFeB or NIB) and as of now they can only achieve around 1.4 Tesla.
According to popular science, "By combining a conventional electromagnet and a superconducting magnet, the National High Magnetic Field Lab hopes to
produce the highest steady field ever achieved, 45 tesla"
This is of course a steady field electromagnet. They have also produced things called Pulsed electromagnets, which are momentary and not steady. These
have reached upwards of 850 Tesla for very very short bursts. Again though, these are electromagnets, meaning they are produced via a current.
To put it into perspective, the LHC uses magnetic fields of around 8.5ish Tesla.
The implications of stronger solid magnetic material is far reaching. Just about everything to do with electricity is in some way shape or form due to
a magnet utilizing magnetic induction to create currents.
Just about everything to do with electricity revolves around magnetic fields, well... rather, revolves within a magnetic field!
[edit on 22-3-2010 by xmaddness]