I haven't seen this. The rosetta daemon, oahd, is using only 1.3MB on my system (8GB M1 MacBook Air) and I have several large translated apps running. If it's stuck using lots of memory, I guess that's probably a bug.
That said, it does highlight how bad it is that computers now come with the bit that is most likely to wear out being a non-replaceable part.
Once the memory is full, it starts swapping a lot and then things go bad.
For the record, here are the numbers from this box: 900GB written in 20 power-on hours, on a 256GB driver.
Critical Warning: 0x00 Temperature: 26 Celsius Available Spare: 100% Available Spare Threshold: 99% Percentage Used: 0% Data Units Read: 15,019,377 [7.68 TB] Data Units Written: 1,759,297 [900 GB] Host Read Commands: 101,021,092 Host Write Commands: 14,010,727 Controller Busy Time: 0 Power Cycles: 75 Power On Hours: 20