That's too much memory usage. You may have a shell extension or something that is causing a memory leak. If you suspect Classic Shell is the cause, try to temporarily uninstall it and see if Explorer.exe memory usage climbs up this drastically. On my system, it's close to 3.5 GB and I have tons of shell extensions installed besides Classic Shell.
You could also use NirSoft's ShellExView to rule out shell extensions on your system one by one:
http://www.nirsoft.net/utils/shexview.html Disable them one at a time, restart Explorer.exe and start it again using Task Manager and see if Explorer.exe usage rises so fast.