Update:
Some state free RAM should be used which is why Lion uses most of it. This is simply false. It's bad memory management, and is an acknowledged bug by Apple engineers. I've been using 10.8 and it has improved memory management tremendously over 10.7. The notion that "if you have the RAM, use it" fails in many conditions. For example, in Lion 10.7.4, Safari, Mail, Contacts, Calendar and iTunes open use ~50% of my 16GB RAM, when I open FCPX 10.0.4 it jumps to ~80% (what would have happened should my RAM have been taken more? OS X mem management hasn't demonstrated shifting memory to those app's that need it most, in this it has failed) and HD rendering maxes my cores. In 10.8, I set the systems up as much as I realistically could to keep variables as equal as possible. Running the same scenario on 10.8 with FCPX 10.0.4, RAM usage was ~40-50%, major differences (10.8 and 10.7 on partitioned 240GB OWC Mercury EXTREME Pro 6G).
Surprisingly, 10.8 is shaping up to to a decent OS X variant as it moves along. The option to uncheck "Group windows by application" in Mission Control in the current DP acts as "All Windows" Exposé, a major contention for many since Lion DP1. It seems Apple engineers are finally taking developer (and even consumer) reported bugs seriously.
"ReSpaceApp" by Stephen Sykes was bought by the makers of "TotalFinder" (BinaryAge) and renamed "
TotalSpaces". It is finally fully polished and has all the features from 10.5/6 "Spaces" to Lion and Mountain Lion (multiple display support in Spaces grid, assign apps easily preferences as before, move windows easily between desktops/multiple displays with the option to snap them in same position or not and many more features). Well worth the $12 and is still free until final version is released, highly recommend; the developer has worked hard and is great at responding to requests and reported user bug reports instantly.
http://switchstep.com/ReSpaceApp/support