Iterating Large SharePoint Lists with PowerShell

http://blogs.msdn.com/b/kaevans/archive/2012/02/13/iterating-large-sharepoint-lists-with-powershell.aspx

$web = Get-SPWeb http://portal.sharepoint.com
$list = $web.Lists["LargeList"]

$spQuery = New-Object Microsoft.SharePoint.SPQuery
$spQuery.ViewAttributes = "Scope='Recursive'";
$spQuery.RowLimit = 2000
$caml = '<OrderBy Override="TRUE"><FieldRef Name="ID"/></OrderBy>'
$spQuery.Query = $caml

do
{
    $listItems = $list.GetItems($spQuery)
    $spQuery.ListItemCollectionPosition = $listItems.ListItemCollectionPosition
    foreach($item in $listItems)
    {
        Write-Host $item.Title
    }
}
while ($spQuery.ListItemCollectionPosition -ne $null)