You mean a 2000 Server Print server correct? and yes if so. Mine hosts 86 printers for NT4/Windows 2000/XP/linux boxes.

Actually it is easy to do with 2000 pro. The only limitation is number of connections. I set up in a call center 4 machines to access a printer on a 2000 pro workstation.
 
There is one issue, and that is number of concurrant connections to the 2000 pro workstation. I think it is 15, but I'm not sure. Also a connection will stay active for a specific amount of time. Hence if user A prints, then User B prints ... eventually you will run out of connections. A connection will remain active for a default amount of time, which is about 15 minutes but configurable through the registry on the "serving" win2000 pro station.
 
So long story short, keep the users connecting low enough and you can do it.
 
-RY

There's a 10 connection cap on all NT workstations.

Yes it is possible to set it up on Win2K Pro. But you'll be limited with a max of 10 connections at one time. If it's a network printer then you'll setup and add a new port for TCP/IP, install the printer driver and then share it (your choice of using netbeui or IP). If it's just regular parallel then it's just a local install on the default LPT port (if that's the one that's free) and share it.
 
Then you'll have to setup the user accounts with the shared printer either locally on each user system or on roaming accounts with script. Your choice. Remember you can only have up to no more then 10 connections at any one given time with Win2K Professional. Good for a small work environment with a small budget.
 
Hope that helps.