I have mine limited to 3. Just a few minutes ago my phone was lagging a bit so i opened up my apps and found only 83 meg available. I opened up my recents and flicked away 12 applications and my available ram opened up to 223. I hardly ever use recents and i use the same three apps most of the time (Tweetcaster, friendcaster, web) so it's helped keep my phone from slowing down after 1-2 days of use.
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