The crucial point is that the RAM wasn't laid out as a linear array, but as a page-cache.
In a flat memory space, to allocate a single page far away from all others, you will need four additional pages (the fifth level is always present) for the page-tables, and four memory accesses to look them up before you get to the data.
In the R1000, you present the address you want on the bus, the memory board (think: DIMM) looks that address up in its tag-ram to see if it is present, completes the transaction or generates a memory fault, all in one single memory cycle, always taking the same time.