I’m still checking these settings to see how much improvement they offer, but it sounds good. This was stated on Digg today in a comment. Look for ‘wipeout140’. Otherwise, just read my post :D.
Go to the OpenOffice/NeoOffice Preferences window:
Reduce the number of Undo steps to a figure lower than 100. 20 or 30 steps suggested.
Under Graphics cache, set Use for OpenOffice.org to 128 MB (up from the original 6MB).
Set Memory per object to 20MB (up from the default .5MB).
Set the number of objects under Cache for inserted objects at 20.
Now highlight Java on the left panel, uncheck Use a Java runtime environment
Let me know if this works or if you have a better idea.