Want to knkow my basis for server crashing? Personal. I have had my exchange server go caput (pingable, services all up, but not really responding to SMTP requests and such). Check defrag, 1200 page file fragments!!. Reboot box, works for a few hours and then dies again. Take box offline, defrag, setup page file (correctly) so that it's in 2 fragments instead for several hundred, and then its at 120+ days of uptime right now.
I had an old sysadmin /smack me when he looked at my page file. I may not have all the sysadmin experience in the world, but this guy worked in fortune 100 datacenter, managing ebiz boxes and corp exchange servers. He had the experience and the certs to back it up. MCSE and 8+ years in HP's datacenter. He is the one who says that a fragmented page file can "crash" a server. Keep in mind, crash is a releative term, and can be used so broadly that it shouldn't be used very often. I do not think a fragmented page file would bluescreen a server, I do think it would slow it down till it's not usable.