(roughly speaking...)

machine assembled < > hand assembled (pre)
machine pre-trued < > hand pre-trued (pre)
machine pre-tensioned < > hand pre-tensioned (pre)

machined trued < > hand trued (in)
machined tensioned < > hand tensioned (in)
machine dished < > hand dished (in)

machine stress relieved < > hand stress relieved (fin)
machine trued final < > hand trued (fin)
machine tensioned final < > hand tensioned final (fin)
machine dished final < > hand dished final (fin)
machine stress releived < > hand stress relieved (fin)

Traditionallly, a wheel was considered hand built when all of the above was carried out by a human.

I'm willing to call it such even when the (pre) portion is done by machine - because the human is still carrying out the (in) and (fin) portions of the wheel building. After all, most of us will use a hand drill to do that portion with a little oil and proper spoke length and a special bit as a pre-cautions.

What bugs me though is when a company has a machine do the (in) portion - and a human do the (fin) portion - and then turn around an call it a "hand-built wheel".

That's a "hand-finished wheel", not a "hand-built wheel".

Of course a hand-finished wheel can turn out just as fine as a hand-built wheel, but a subtle lie is a subtle lie though it's perfectly legal.

=8-)