Maybe I didnt make it too clear. XP and SP status?
I recommend not disabling the VM paging under any circumstances, whatever ram you have.
This would waste a lot of the RAM. The reason is that when programs ask for an allocation of Virtual memory space, they may ask for a great deal more than they ever actually bring into use. These addresses have to be assigned to somewhere by the system. If there is a page file available, the system can assign them to it - if there is not, they have to be assigned to RAM, locking it out from any actual use. If using large files and multi layered images ram will be used to store huge page sizes within your 2GBs.
If you have a RAID-0 (Stripe Set) array, use it to store the pagefile. Avoid putting a paging file on a fault-tolerant drive, such as a mirrored volume (RAID-1) or a RAID-5 volume.
Adobe recommend for CS2......
1. Quit all applications.
2. Choose Start > Control Panel > System.
3. Click the Advanced tab, and then click Settings in the Performance section.
4. Click the Advanced tab, and then click Change in the Virtual Memory section.
5. From the Drive list, select a hard disk partition that has free space equal to at least three times the amount of the computer's installed RAM. To determine the amount of space available on a hard disk partition, click the drive letter; the amount of space available appears in the Paging File Size for Selected Drive section.
6. In the Initial Size text box, enter a value equal to one and a half times the amount of the computer's installed RAM.
7. In the Maximum Size text box, enter a value equal to twice the amount of the Initial Size value.
8. Click Set, and then click OK to close the Virtual Memory dialog box.
9. Click OK to the alert "The changes you have made require you to restart your computer . . ."
Did you try reducing the acceleration of your graphics card slightly?(Windows/Desktop/Properties/Settings/Advanced/Troubleshoot.
Also, Turn off Font preview in CS2.
Have you got a PS6 or 7 version? Install that and see the results.
I know its a lot of hassle but you`re having to do the leg work that custom pc`s have done by the manufacturers/software/hardware suppliers.
Maybe Adobe are using us who pay(ed) £500 for their software as Beta testers. It really wouldnt suprise me.