Hey MadGamer,
The idea of the pagefile, is to be used as 'virtual memory' when your
RAM is full.
I've got a whole hard 120gb hard drive dedicated to my page file, and nothing else touches it. I noticed a huge improvement in multi-tasking abilities when I did that.
It's always recommended that the minimum size of your page file should be the same as the amount of
ram you have, the max is whatever you want to make it...idealy, they best way to have your page file is on a dedicated hard drive (not partition).