lag0a,what you have read is wrong. People are generalizing about the effects possible from ERS paper. The amount of change or improvement heard will be system dependent and will vary accordingly.
For example, if the interconnects are shielded and an effective AC power filter is in place the effects heard from applying ERS paper will be greatly lessened and may in fact be inaudible. In addition to this the if the system resolution is poor enough, using the ERS paper in the system may yield no results at all.
Speaking from personal experience within the context of my system, I have had positive results from placing a 3in.x 5in. piece inside the class D amplifier I used use. I also used pieces 1/2in. wide by 3in. long wrapped directly around my unshielded interconnects that connect my preamp to my poweramp. Currently I use a 4in.x 4in. piece on my preamp and an 5in.by 8in. piece on my poweramp.
The key is to start with 1/8 to 1/4 of a sheet of ERS paper and work your way up to larger pieces as needed. There is also a warning issued regarding the possibility of shorting out circuitry if the paper is used inside a component and it comes in contact with electrically active circuitry.
The paper is electrically conductive at its edge and should be secured in such a manner that it will not become loose inside the component.
Scotty