Custom Post Type, Pagination and 404s!

Head is getting melted with this pagination crap in WordPress!

What am I doing wrong here…

Test site

http://www.clients.eirestudio.net/savvas/reviews/

Code

<?php $paged = (get_query_var('paged')) ? get_query_var('paged') : 1;
query_posts("post_type=bingo_review&posts_per_page=1&paged=$paged");
if(have_posts()) : ?><?php while(have_posts()) : the_post(); ?>
   blah
<?php endwhile; ?>      
<?php endif; ?>

<?php wp_paginate(); ?>

I would take a look at this tutorial about make 404 etc.
404’s

Dave