I'm using the very latest Adobe Media Encoder (v 9.0.2.2, listed as release 2015.0.2) to try and encode a simple 42 minute Premiere Pro project. It's NTSC Widescreen, and I'm encoding it to H.264 with no audio - nothing special.
Whenever I try to encode, AME quickly sucks up all 16 GB of RAM that is available, and then fails because of lack of memory, saying I have to "close some other applications." I've closed everything else, tried dropping the Memory setting in AME > Edit > Preferences from 11 to 6 GB, and nothing stops this behavior. As far as I can tell it's not even respecting this setting - it blows past the 6 GB "limit" in less than 30 seconds.
Has anyone else run into this behavior, and how can I solve it? Is it a known bug?
EDIT: Adding more system information
Windows 7 x64, patched up to date, 16GB RAM, Nvidia GeForce GTX 960 (4GB graphics RAM) with driver version 353.30, Intel i5-4690K CPU, nothing overclocked, everything stock.
Here are my media encoder settings:
