(assuming you wouldn't (and why would you?) format the swap as a journalling file system.)
added on the missing parenthesis there. sorry about that confusion. yeah, i knew that would be dumb to partition your swap as JFS, but i had no idea that linux used a special swap partition format. that's totally awesome. too bad OS X doesn't have that yet.. but i guess you could make a little 500 MB-1 GB partition and format it as a normal FS and tell OS X to put its swap there?
i have windows XP, and it crashes when i try to entirely move the swap to my second drive. i can set aside space on my second drive for virtual memory," but i still have to have a swap file on the C:\ drive. it really annoys me; it rather helped to use my second drive as the scratch disk for photoshop. the idea of having an entirely separate partition (or disk, that would really rock) for swap is really cool. almost as cool as the idea of having 2 GB of RAM and never needing to use the swap. lol.