If it helps I checked mine and it is showing 71,172K (Memory PWS) and 2,444,591 Page Faults. This is not actually a problem at all though it is typical and personally I think poorly named. Technically it isn't an error like you may be thinking, the "Page Faults" should be considered a measure of how many times the OS attempts to load a block of "Virtual" Memory from the hard drive back into the RAM. Best thing to do is make sure you have enough memory, adjust your page file for YOUR specific needs to best suit YOUR PC, and then remove that column from your Task Manager (View>Select Columns) and forget it is/was there. Enjoy!
EDIT: Didn't finish this post in time to beat Heffe, was on the phone, going to go ahead and post my reply anyways though.