Easyeffects takes ~60% CPU

After this update I am seeing that easyeffects takes ~60% CPU.
I have an i7-950, therefore that high CPU usage is killing performance.

I am using just the Loundess EQ plugin. I have tried to change plugin, disable all of them, the issue stays there.
The only workaround is to BYPASS ALL - and of course at this point it’s easier to disable easyeffects tout court.

Anyone else experiencing this?

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