Am I missing something, or does the top answer not address the question? Memory tricks aside, it seems the questioner is asking whether the physical RAM itself will ever be used. Short of PAE, unless my understanding is wrong, I was under the impression that the answer to this is no.
PAE is used everywhere and has been around since 1995 Pentium Pros. So the answer is yes, a 32 bit OS/CPU can use 8 gigabytes (and more) of physical memory and an infinite amount of swap space. It all depends on the CPUs physical address size, not virtual.
My "64 bit" CPU has 36 bit physical addresses and 48 bit virtual addresses.