Did you try setting VM settings in eclipse startup.
try http://wiki.eclipse.org/Eclipse.ini
I set this in my shell script as "./eclipse -vmargs -Xms512m -Xmx1024m ...."
Question
What can I do to improve Eclipse from using all my computer resources? Eclipse is fast, but other programs are sluggish and mouse is unresponsive because of Eclipse. RAM is at 600 MB (Total 76% used).
Solution
Did you try setting VM settings in eclipse startup.
try http://wiki.eclipse.org/Eclipse.ini
I set this in my shell script as "./eclipse -vmargs -Xms512m -Xmx1024m ...."
OTHER TIPS
If you open eclipse and 1 or 2 default android's emulator instances, you will run in low memory situations. I strongly recommend using VM hosted emulators like GenyMotion that is much faster than usual emulator. You can find GenyMotion here: http://www.genymotion.com