I would quote the previous message to counter it with some solid current info, but it does not make much sense in places so heres what I know to be current...
There are two basic types of pager (at least here in Alberta/Western Canada), POCSAG and FLEX. Flex runs in the 900mhz range, POCSAG runs in VHF. (Well, technically there is also GOLAY, HERMES and MOBITEX, but they are not used out here on the praries at least.) (Correction, MOBITEX is out there, but from what I have researched, there is limited to NO traffic on it...)
A 4 level slicer is only required for reliable decoding of FLEX above 3200 baud. All other modes below Flex 6400 can be solidly decoded using a two level slicer, or no slicer at all. Even Flex 6400 can be decoded if you have a good solid discriminator level and the levels feeding your soundcard are bang on. The latest version of PDW works best on WinXP with no slicer, just soundcard only. If you run a slicer with win XP pro and the latest versions of PDW, you will run into troubles decoding POCSAG 512 in Alphanumeric modes. Most rock solid solution is still Win98SE with a slicer and the latest PDW 2.13.
You would be surprised what is out there... waiting to be decoded...
That is, if someone was to do it. Sometime back I did actually go out on a limb and contact Industry Canada about this, and their stance is that it is as illegal here in Canada to decode pagers as it is in the US. As was explained to me in great painful detail we are a "one party" jurisdiction, which means at least ONE of the people the communication is meant for (this is for TELEcommunications now, not ALL radio communications) has to be aware the communication is being monitored since privacy is assumed. It was also explained to me that since pagers are "mated" to the "terrestrial telecommuncations infrastructure" (phone system), this also could bring the whole gamut of the telecommunications act into play when deciding whether they are legal or not to monitor. This is also the rule that applies to interception of cordless telephone calls and analog cell phone calls.
At least our equipment is not nerfed up here to prevent us from accessing huge blocks of frequencies, and we are expected to self police... :|