Here's a page with info on the CLR's memory management. In a nutshell what it's saying is that if your application looks like it's using a lot of memory, it may be because the garbage collector has noticed that your system has a ton of free memory and sees no reason to release it.
It's worth reading, and bookmarking for when you have to explain why your application is using so much memory.
6:33:45 PM 
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