2 GB memory and 32 bit apps

As I understand, 32 bit processes can only see 2GB virtual address space.

Does this mean, that each process can only use up to max 2GB memory?

Therefore, if I was to look at Task Manager under, any process that was listed there could not go above 2GB memory usage?

Or am I not understanding this correclty?

Appreciate any clarification :)
neil4933Asked:
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Dave BaldwinConnect With a Mentor Fixer of ProblemsCommented:
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HarsemConnect With a Mentor Commented:
Small comment:

Please note that in Windows you can enable the PAE switch which will allow some Application to access more than 4GB even on a 32bit OS.

http://msdn.microsoft.com/en-us/library/windows/desktop/aa366796%28v=vs.85%29.aspx
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