nothing on my side
I don't what's causing it... but if you shut your airport off... wait 30 seconds and turn it back on it fixes the issue.I've got the same thing here actually on my MBP Core Duo. The "airport" process is currently hogging ~98% of the CPU! Now to find the solution...
I've noticed that the Macbook has been running a lot hotter since the update, and it's not my imagination since I regularly monitor that sort of thing.