Originally posted by Dregnan
If a program reqires more memory than your RAM has it will use Virtual Memory, and thus the page file, that is much much slower than RAM. It also uses page file when you switch between applications on the desktop, if all can't fit in memory. The applciation that is in the foreground has highest priority and thus has access to physical RAM, but for other applications to keep functioning it swaps them to page file if needed, and can retrieve them back in RAM if needed. The more RAM the less use of page file is needed.
3) if you have no page file and Virtual Memory is needed either application or Windows will fail and can crash, so if you are sure that you have enough RAM you can disable page file, but if core Windows data is in the RAM and needs to be paged out and there is no page file this data will be lost or not written, and that is bad in case it is part of the registry.
You also have to consider the fact that data, that could be in page file now has to be in RAM and thus it will use a protion of RAM for this, and no page file actually will mean it will use more physical RAM but the amount of Virtual Memory is still the same. This could mean that if you disable page file you could be worse off than before because more data has to be in RAM.
2) WINKEY+PAUSE -> Advanced tab -> Performance section, Settings button. -> Advanced tab -> Virtual Memory section, Change button -> Select C: choose No Page file, and press define and apply.
You can take a look at the MCSE MVP site for more info: http://www.petri.co.il/pagefile_optimization.htm
Added link: http://www.tweakhound.com/xp/xptweaks/supertweaks5.htm
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