I think an explanation of what the registry edit actually does is on it's place here.
Windows has limited the maximum number of connections to one server to 2 or 4, don't really remember which one. Most of the time this will be enough, since every internet connection has it's limit and with too high a setting your connection should be acting weird.
But since mostly everyone's on a *dsl/cable/anyother high speed subscription which has more throughput, it can be usefull for you to set this number up higher.
Obviously this won't work great miracles though, such a thing can boost your download speed a teensy bit if you do stuff that requires multiple connections alot (webbrowsing for instance). Loading images should go faster, but it won't matter to much for downloading like... big files or something. Since for example downloading with 4 connections with both 25 kb/sec doesn't really outspeed 8 connections that runs on 12,5kb/sec.
The hack is just something that enables more simultaneous downloads, not greater speeds. Keep that in mind.
ps. 56k user should consider getting broadband, also, i'd not use this registry hack if I were you. (see above example with the 25k/sec and 12,5 kb/sec).
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