If you run a netbook, a system with few memory, or just for the fun of it. Using RamZSwap helps your performance and is included since 2.6.33 and really easy:
1. Get and compile a current version of rzscontrol in the compcache package sub-projects folder.
2. sudo swapoff -a
3. sudo modprobe ramzswap
4. sudo rzscontrol /dev/ramzswap0 --verbose --init
5. sudo swapon /dev/ramzswap0
Enjoy! Check out lwn's tech info about it.
Update: Actually it does work for me in 2.6.33, but in 2.6.35 it does not work at all and the --backing_swap /dev/your-current-swap-partition support was removed.
Update2: You can make it work with a bit of source code modification. The author writes, though, that he will soon release a new version of both his kernel module and command line tool that can be installed and run in 2.6.35.