I have the same problem. EX3 material seems to play a role here. I have no problems with encoding other (e.g. raw) material, no matter what length it is. But as soon as I am encoding EX3 material and the ImporterProcessServer is reaching about 2Gig of Ram, it freezes. No matter, if I am loading the sequence direct to Media Encoder or from Premiere or via Direct Link in After Effects.
Any solutions so far?
I am going to phone Adobe – lets see.