I think the only way I will ever see it on my newish desktop (MSI K9A2 Neo MB, Phenom x4 9600, 6GB DDR2) is to write a program that just eats up more ram in an infinite loop. Nothing can make it budge... Very little can happen to max out it's CPU either.... To me it is an odd situation, but I finally have a machine that is just too powerful for any normal task to slow down. And it rather outdated.
Now that being said, my MSI Wind (Atom 1.6ghz, 1GB DDR2) has never really needed to use swap space either, back around 2001-2ish I remember having to use a whole gig of my 6GB Quantum Bigfoot (oh, yes I had a 5.25" hard drive) just to ensure that my Mandrake system would run (Packard Bell MB, Intel Triton 75mhz, 64MB RAM). And I used Blackbox more often than Gnome or KDE back then.
Honestly, it just looks like Linux has got better at how much ram the applications take versus the amount equipped on current machines. Windows still allocates a huge amount of virtual memory and I can't quite figure out why, I can turn virtual memory off and it is no problem to run any game my machine can run, so why on earth would it be there in the first place?