SVCHOST.exe and Windows updates are 2006ish problem is back again. SVCHOST.exe hogs around 50% of your CPU power and a lot of memory if you go to your task manager or (process explorer - a better program by Mark).

Basically users with CA Antivirus are affected by this problem.

A temporary fix to this solution is to:

Disable Automatic Updates

OR

Disable CA Realtime Antivirus scanner

OR

Prevent CA Antivirus to scan *.msi and *.msp files.

The above workaround should definitely fix SVCHOST.exe problems.