I get similar performance after letting FF8 run too long, but my usage pattern is a poster child for the problems with memory and CPU bloat. I open lots of tabs, including Facebook and Gmail, and some heavy Javascript sites required by my job. I leave them open sometimes for days. My only plug-ins are noScript and the JRE. Under my usage pattern, FF often reaches a 400MB footprint.
Now add to that the fact that my home computer is a little MSI Wind U100. 1GB RAM, 1.6GHz Atom processor (2-stage pipeline), and the thrashing is unbearable. Eventually I have to give in and close / restart FF.
I credit most of my troubles to the heavy javascript sites, not FF. I suspect that Facebook in particular is caching massive amounts of data and actually claiming that it uses that memory. At some point I should compare to Chrome to find out, but that's a project from some day when I have the time.