Windows XP Professional and Windows Server 2003 Memory Support. The maximum amount of memory that can be supported on Windows XP Professional and Windows Server 2003 is also 4 GB. However, Windows Server 2003, Enterprise Edition supports 32 GB of physical RAM and Windows Server 2003, Datacenter Edition supports 64 GB of physical RAM using the PAE feature.
Quoted from microsoft's site. Doesn't mention anything about xp Home version though.