This is taken from Norton Speed Disk's help file,
"About MFT and paging file fragmentation
Just like user data files, the MFT and paging files can become fragmented over time. Since these system files are being accessed frequently, their fragmentation can cause delays in system boot time and other types of performance degradation.
As with any operating system?s file system, NTFS experiences file and free space fragmentation. This affects the read/write performance of the system in general, down to the core file system level. If you monitor the status of your MFT file you will notice that, as more read/writes are performed on the system and the amount of file tracking overhead data increases, the MFT file grows to handle the increased activity.
Although the MFT file expands to accommodate new information, it never shrinks, even when the number of files decreases or disk activity slows down. Unlike the paging file, whose size is adjusted with each reboot, not even rebooting your system resets the MFT file to a smaller size. Because the MFT resides at the beginning of any drive partition, it has no free disk space to expand contiguously. NTFS is forced to find free space elsewhere on the same partition for the MFT file?s overflow fragments.
Norton Speed Disk safely optimizes the MFT and paging file structures without the need to restart the machine, make multiple optimization passes, or disconnect from the network.
Copyright (c) 2000 Symantec Corp."
There ya go, Speed Disk also optimizes the MFT.