GilaMonster (8/7/2009)
SQL Standard edition cannot use the lock pages in memory feature. It's immaterial that it's an OS setting, the SQL engine cannot and will not use locked pages in anything other than Enterprise edition.
Though it is worth noting that there's a hotfix available (either currently or soon) for both 2005 and 2008, that removes this limitation.
Gail Shaw
Microsoft Certified Master: SQL Server, MVP, M.Sc (Comp Sci)
SQL In The Wild: Discussions on DB performance with occasional diversions into recoverability