Forgot to say this is pcmanfm 1.1.0-0ubuntu2 from Raring.
Precise and Quantal were ok.
bkw@noexcuse:~$ apt-cache policy pcmanfm
pcmanfm:
Installed: 1.1.0-0ubuntu2
Candidate: 1.1.0-0ubuntu2
Version table:
*** 1.1.0-0ubuntu2 0
500 http://us.archive.ubuntu.com/ubuntu/ raring/universe i386 Packages
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https://bugs.launchpad.net/bugs/913273
Title:
PCManFM consumes >90% CPU
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