Hi truenorth. I experienced the problem of high CPU resource usage when I upgraded to Opera 12. So, I switched Firefox for awhile. Now that I have Opera 12.02, the latest version, Opera seems to be performing like the last 11.xx version I had before upgrading to 12.0. In other words, Opera seems to have got the message from user complaints and resolved the problem.
Actually, I've encountered the same phenomena with Firefox; in other words, a new release being plagued by high CPU and/or RAM usage and Firefox resolving the problem with a later release.
Edit:
The comments in your link included comments about problems playing streaming media on websites such as youtube. I've experienced spells of sluggish/choppy video but it has usually seemed to affect any browser I use on my Windows 7 system which is just a Pentium 4. I've found that running CCleaner not infrequently to clean browser history really helps prevent the problem; since CCleaner will clean all browsers during its scan, it's a convenient tool to use for this.