Just FYI, on the pagefile, you really have the flexibility to move these off the OS drive if you want to save some space on that. I had been keeping my page files on the system drive with enough space to collect a full memory dump. However, unless you're really into analyzing page dumps, you really don't need a full memory dump for 99% of the situations. I've switched to doing just a Kernel memory dump, and so far on the few times I've needed to analyze the dumps it worked just fine. That way I can move the page file off of the windows drive. In my opinion, like other comments on here the page file really shouldn't be that huge anyway. Memory usage should definitely be watched a little closer in a VMWare situation so you don't run into paging -- you'll get much much better performance. And if you're not using the page file for paging or memory dumps, then it can be relatively small.
This is a great webcast for that sort of thing if you're interested:
Of course if you want to catch every possible scenerio, then maybe a full memory dump is in order.
Just my 2 cents.
