jasonkester: in jQuery 1.4.3 a lot of work was done to make jQuery more modular. So you could take the peices of the library that you want and leave out the rest (i.e. effects).
This isn't the recommendation of the jQuery Team but if you feel the library is getting too bloated you now have the option to cherry pick only the options of jQuery you'd like to use.
Read the blog post here http://blog.jquery.com/2010/10/16/jquery-143-released/
Also we discussed it on the jQuery 1.4.3 episode of the jQuery Podcast http://podcast.jquery.com/2010/10/29/episode-38-jquery-1-4-3...