A standard length flac is easily 30mb and presumably the player keeps the current and potentially next in memory. Add in a few high res icons for album art and you can get 100mb before the UI... exists. It's great that Winamp could play your 128k mp3s and show your text only list in the 00s, but it's not like expectations haven't gone up in a way that contributes to memory use
And that is acceptable for a music player ???.