Yes, 32-bit ubuntu has the same memory limits.
There are exceptions to the 4 GB limit, but they are application-specific ... As with the case, Microsoft Sql Server can use 16 gigabytes with settings and extensions of physical addresses [PAE] and ... http://forums.microsoft.com/ TechNet / ShowPost.aspx? PostID = 3703755 & SiteID = 17
The drivers in ubuntu and windows also reduce the amount of memory available from the 4 GB address space by matching memory from 4 GB to devices. Graphics cards are especially harmful, your 256 MB video card uses at least 256 MB of address space ...
If you can [your drivers support it, and cpu is fairly new], install a 64-bit OS. Your 32-bit applications and games will work fine.
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