This sounds like something that shouldn't happen, but I saw my page file come withing 5 meg of being maxed out when only 150/512 meg of RAM was being used. I have the min/max size set the same. Would ...
I see from there that it seems he only has 3GB RAM, nevertheless.. i'm sure the paging file should be 1.5* that amount, rather than just 512MB. The strange thing is that it's set to automatically ...