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now I'm lost. I thought swap and compcache were the same thingyep, it's possible. but it would be easier with galaxo.
Can you refer me to one firmware update that did come with a changelog?

Straight swap can be used by using the swapon command in galaxo.

Much, much faster switching between applications / loading than before. And yes, 32MB is not enough. At one point the swap usage went well above 32MB (around 80-90). 
Sorry for asking the same question again, but those folks that are talking about swap, are you running this new update with Galaxo or are you just running the update as is?