It's interesting that Dov (from Adobe) does not appear to have actually had a WinXP 64bit system and is just repeating negative stuff he has heard about XP 64bit.
In some respects he is right, when XP 64bit was first released, there was a scarcity of drivers and therefore it was a headache. However, XP 64 was based on Windows Server 2003 and was and is robust and very stable. After 6-8 months things were quite different and PShop CS3 ran far better on my XP 64bit machine which had 8Gb than on any other machine I have ever used up to that time. Since I build, upgrade and troublehsoot and setup computers for a living, I easily have hands-on experience with a lot more computers in 6 months than the average computer user in 6 years. This includes, all the major and minor brands as well as custom built machines.
Interesting to hear from Dov's story that Vista 64bit was stable primarily AFTER the SP1 update.
There is absolutely no problem installing CS4 on Win XP 64bit. Look here:
http://forums.dpreview.com/forums/read.asp?forum=1004&message=29698343
and be sure to look at this later post too:
http://forums.dpreview.com/forums/read.asp?forum=1004&message=29724537
Alas, you will almost certainly have problems getting the GPU feature to work.
Other than the GPU problem, which is a pretty big problem, CS4 works fine.
Unless I am able to find a solution to the WinXP 64bit GPU problem, I have to agree w Dov, that anyone planning on getting a new computer for CS4 work should get it with Vista 64bit and with at least 8Gb of RAM, and be sure to get one of the Adobe tested video cards preferably with 512Mb RAM.
Finally a comment about Photoshop CS4 32 bit vs 64 bit speed. Dov, is of course, quite correct in stating that 64 bit does not mean faster processing speed than with 32 bits, however, when people talk about a program like Photoshop operating faster, they are talking about how fast you can move, manipulate and process (filter, sharpen, warp, etc.) large multi layered files. So, if you have sufficient memory the 64bit OS which allows more RAM than something under 4Gb, and the 64bit CS4 lets you do your work faster -as long as the processing speed is primarily limited by RAM (rather than HD speed, or just CPU speed). I think most people equate that w speed.
Hope this helps,
Dan