QUOTE (Tom AZ @ Aug 19 2009, 08:42 PM)

Is there any general rule of thumb as to how frequently -- or at what level of fragmentation -- this should be performed?
FRD recommends not registry defragging if the fragmentation is at 2% or under since Windows is typically always at that level and will quickly jump right back into that 2% zone in no time. I usually only use FRD if I notice it at 5% or higher, but really you don't need to use such programs but maybe once per year or at the most twice per year.
Do note that Windows (XP at least) does something all on its own and can reduce the size of the registry unexpectedly and very rarely, and it's much better at it than any of the reg defrag tools are ever possible of achieving.