We are looking to deploy SmartList Builder + SmartView as an enhanced reporting solution for our internal customers. One of the things I have seen floating around the net is that you can’t use SmartList Builder with a SQL Linked Server. In fact, a number of Dynamics MVP’s alluded to this in a support thread at http://www.ms-news.net/f1610/smartlist-builder-odbc-error-8692687.html .
See the article here:
Using SmartList Builder With A Linked Server – It Can Be Done!