I just received the list of changes for Outlook 2007 that will be in Office 2007 SP1, and there's one in particular that should make everyone happy:
Improved performance in Microsoft Office Outlook 2007 eliminates frustrating delays when opening large mailbox files and frees office workers to focus on important business tasks. The 2007 Office system SP1 makes it easier to open large offline folder files (.ost) and personal folder files (.pst) that are located directly on the user’s machine.
My .ost file is a hair under 2GB and lately the performance issues have been unbearable. Rumor has it that Office 2007 SP1 will be released on Tuesday, December 11th.

October 14th, 2008 at 7:11 am
Advise-ost fix,can help you with this and convert *.ost files to *.pst extension, that can be easily read by any email client, compatible with Microsoft Outlook,will save your contacts, even when *.ost file is corrupted and cannot be opened with other tools,can be easily forwarded to any other PC, that's a good possibility to save a backup of your email and use it at home,allows to fix ost files and extract all emails with attachments, contacts, folders and subfolders. outlook .ost file fix is a good solution to recover your mailbox.