I've always pondered this question but could never find an answer. One of my thoughts was that it was part of the BIOS, but that gets stopped once the kernel can support the system. Than I thought maybe it was part of the Windows kernel, but how can that be if the kernel has crashed? Any thoughts?
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Frome Windows 7 IT Forum theme BSOD error log location:
See also Startup and Recovery window, "Small dump directory" edit box.