Anyone else getting Very High Memory Utilization? Im get 2.3 GB used.
I have to same problem on all versions I've tried from 0.29 and up. I'm running Windows 8.1 64bit

Also I can not seem to get to wallet to update. It asked for paraphrase but nothing happens. I replaced to wallet folder.
Bitmonerod using that amount of memory is normal, it currently insists on loading the entire blockchain to memory. Changing to a db based storage system to avoid this problem is high on the dev's priority list.
Have a look at the new FAQ for the answers to many questions like this
https://bitcointalk.org/index.php?topic=686086.0