You should be good to go then.

Here's my current snapshot:
Quote:
Currently Active Users: 327 (58 members & 242 guests & 1 logged out & 26 spiders)
Threads: 47,277, This Month: 1376
Posts: 850,369, This Month: 24891
Members: 7,074, This Month: 186
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And I only have 768MB. I'd still have them look into why you were getting out of memory errors though. 512MB is more than enough for your site, imo.