Do not think you could even call 2-pair Cat5E. Couldn't be used for 1000Base T systems at all (4-pair technology). Certainly does not meet TIA/EIA-568A-5 standard for Cat5E. Should be OK for POTS, but I wouldn't trust it for ethernet.
Edited spelling errors
[This message has been edited by dereckbc (edited 11-11-2004).]