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Windows 7 32 or 64 on new Lenovo T400
I am purchasing a new Lenovo T400 laptop. Lenovo offers the Home Premium Windows 7 OS in both 32 and 64-bit versions, at the same price, with the 32 bit version being the "standard" choice. What are the tradeoffs of having the 32 v. 64-bit version installed? I understand that 32-versions may eventually become obsolete, but I am more interested in immediate performance and utility. I also have a lot of memory on the comptuer.
John L