Are you aware that Windows uses the pagefile for offloading unused portions of memory within drivers? Some software even makes the assumption that the pagefile is enabled, including some Microsoft software (perfmon comes to mind). References:
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lifehacker.com/5426041/u ··· sable-it»
www.tweakhound.com/2011/ ··· out-one/»
superuser.com/questions/ ··· l-paging»
technicallyeasy.net/2011 ··· be-done/»
www.howtogeek.com/126430 ··· able-it/There is irony in the "page file was needed back with Windows 95" statement, as it implies that because today's Windows OS is newer (i.e. Vista/7/8) that somehow there's no need for the pagefile. Surprise: the pagefile is used for lots of other things than just "out of memory" situations, solely as a result of technological evolution that's occurred
since Windows 95.