The process is caused by an old PPC program that is not fully compatible with an Intel CPU. The process itself is not the problem; it's the PPC program that is. Find out what old PowerPC program you are running and kill it. Does that help?
My best guess is that it's a MS Office program like Word or Excel, perhaps Photoshop, perhaps something else in your login or startup items.
Nice answer, thanks. To add that if the thing it's trying to launch looks safe to kill ( mine was something like Microsoft office 2004 Database blah blah old thingy I surely dont want ) then you can kill it by taking the number in the first column of output and doing this
( suppose the output was this
32111 ?? R 174:01.73 /System/Library/Frameworks/Carbon.framework/Versions/A/Support/LaunchCFMApp /Applications/MicroCrap/Microsoft Office 2004/Office/Microsoft Database Daemon
39877 s001 S+ 0:00.00 grep -i launchcfmapp
then you do this in terminal to kill it
sudo kill 32111