Do you have extra slots for more RAM in the future? If you do, the best solution long term would be to just go to Win7-64bit, but still use Quartus 32bit executables. The advantage is that you will be able to use the full 4GB of RAM for Quartus, instead of the 2GB that win32 limits you. Of course, Win7-64 will use more of the 4GB of RAM for the OS, so you will waste some memory there.
But RAM is getting very cheap, so if you could add an extra 2GB or 4GB later on, you will have the flexibility without having to re-image.
Hope this helps.
-David