HAH! I'm so cool... my laptop has 2GB of ram. Running FC5, I can run 2 FC5 VMs and XP... without touching my swap space.
One thing to keep in mind if you are using vmware, you can actually oversubscribe your ram, and vmware will only use what it needs as opposed to the entire memory space requested.
I had a choice when I bought mine--2GB of slower RAM or 1GB of DDR400. I chose the faster ram.