Probably the most typical example of interleaving in the P3 era would be the VIA 694X (Apollo Pro 133A) chipset.
This has a typical 64-bit (72-bit with ECC) memory bus. It supports interleaving, but it can't actually have more than 64-bits of data on the bus at one time.
On this chipset, interleaving can only serve to reduce the time wasted on latency. It can get something useful done on one module while waiting for the other. I don't know what the precise behavior is, so I'll just quote Matth79:
Matth79 wrote:The VIA chipsets had something that is called "interleave", but isn't - unlike 386 era interleave, which directed access to alternate banks, the VIA "interleave" allows a page to be held open in each bank.
The end result should be that even though the bus width isn't any larger, less time is wasted during latency so the memory bus achieves higher utilization.
The 694X datasheet is here, but I didn't see much in it about interleaving:
http://www.datasheetarchive.com/VT82C694X-datasheet.html
The datasheet mentions it can handle either 2-way or 4-way interleaving depending on the size of the RAM chips. I wonder if it has any problem with interleaving two sides of a single memory module that has two 64-bit rows of RAM present.
From what I've seen in memtest86, it appears to me that interleaving on this chipset only makes a small improvement in sustained transfer rate. I don't know if it helps more in real applications, or if it was much better on any other chipsets up to that time.
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The nVidia nForce can achieve much higher transfer rates because it actually has 2 separate 64-bit memory controllers and buses (ie dual channels), so it can truly read from 2 modules at the same time. It also interleaves the accesses, but the main improvement comes from the fact that there is 128-bits of total memory bus width available.
I'm not sure if this system is still a good representation of "interleaving" or not. It does implement interleaving, but it's most significant characteristic is the multi-channel architecture which dramatically increased the achievable transfer rate.
I was surprised to notice that nVidia's "TwinBank" paper says that the nForce supports 3.3v SDRAM memory. I don't think I've ever heard of an nForce board that actually had slots for it, but apparently it's possible. It's mentioned on page 6:
http://www.nvidia.com/attach/6160