1 gig swapfile? I think having to write that file that large alone would negate any increase in performance.
I don't, and I'm not alone at all, agree with the 1.5x - 2x thing. So if you have 1 gig of RAM you want me to have 2 gigs of HDD space for a swapfile? THat's rediculous.
I'ts not like windows takes everything in RAM and swaps it back and forth to the hard drive, so there's no reason if you have a decent amount of memory to have that large a swap file.
I have 384 and I have 200MB on my main drive, 100 on another physical drive and I have better performance than I ever have had. If you use win2000 check your task manager.. some files take up 30 megs of ram but have maybe 8M in swap usage. I think a 300-500 MB for any situation would be great, and if you have more than one physical drive, spreading them apart is a great way to improve performance (since you can read off one drive and write swap to the other at the same time)