Here's my own setting for my Eclipse running on i7 2630M 16GB RAM laptop, this setting has been using for a week, without a single crashing, and Eclipse 3.7 is running smoothly.
-startup
plugins/org.eclipse.equinox.launcher_1.2.0.v20110502.jar
--launcher.library
plugins/org.eclipse.equinox.launcher.win32.win32.x86_64_1.1.100.v20110502
-product
org.eclipse.epp.package.jee.product
--launcher.defaultAction
openFile
--launcher.XXMaxPermSize
256M
-showsplash
org.eclipse.platform
--launcher.XXMaxPermSize
256m
--launcher.defaultAction
openFile
-vmargs
-Dosgi.requiredJavaVersion=1.5
-Xms1024m
-Xmx4096m
-XX:MaxPermSize=256m
Calculations: For Win 7 x64