1711MB RAM is not out of line when having 2048MB [2GB] physical RAM installed, part of it is assigned to video on computers with onboard/built-in video adapter. Beginning with Windows XP the recommended size was decreased to 1.5 times the physical RAM from the earlier 2.5 times the RAM.
Change the size of virtual memory - Windows Help
Learn Best Practices for Optimizing the Virtual Memory Configuration
My Win7 has 8GB RAM and I set the paging file to 12GB on a second HDD of 500GB before any other use of the HDD occurred. By setting the max and min as the same it does not get fragmented. Putting the paging file on a second HDD has always shown a performance benefit.