Index: linux-2.6/mm/page_alloc.c
===================================================================
--- linux-2.6.orig/mm/page_alloc.c	2006-09-20 00:06:46.000000000 +1000
+++ linux-2.6/mm/page_alloc.c	2006-09-20 00:20:28.000000000 +1000
@@ -880,6 +880,16 @@ get_page_from_freelist(gfp_t gfp_mask, u
 				!cpuset_zone_allowed(*z, gfp_mask))
 			continue;
 
+		if (likely(order == 0)) {
+			int cold = !!(gfp_mask & __GFP_COLD);
+			int cpu  = raw_smp_processor_id();
+			struct per_cpu_pages *pcp;
+
+			pcp = &zone_pcp(*z, cpu)->pcp[cold];
+			if (likely(pcp->count))
+				goto skip_watermarks;
+		}
+
 		if (!(alloc_flags & ALLOC_NO_WATERMARKS)) {
 			unsigned long mark;
 			if (alloc_flags & ALLOC_WMARK_MIN)
@@ -889,16 +899,17 @@ get_page_from_freelist(gfp_t gfp_mask, u
 			else
 				mark = (*z)->pages_high;
 			if (!zone_watermark_ok(*z, order, mark,
-				    classzone_idx, alloc_flags))
+				    classzone_idx, alloc_flags)) {
 				if (!zone_reclaim_mode ||
 				    !zone_reclaim(*z, gfp_mask, order))
 					continue;
+			}
 		}
 
+skip_watermarks:
 		page = buffered_rmqueue(zonelist, *z, order, gfp_mask);
-		if (page) {
+		if (page)
 			break;
-		}
 	} while (*(++z) != NULL);
 	return page;
 }