Indeed. I recently had a client with an old Dell who complained about speed problems. It was clear to me that after a few programs were open the hard disk was doing most of the work from the pagefile.

I wish the solution hadn't cost him, though. Sadly he bought his computer during those four minutes when RAMBUS was popular. He insisted on keeping the computer, and it ended up costing over $150 for something like 512MB of memory. Crazy.