[Q] Shpongle low memory issues topic

Can anyone give me some ideas what's going wrong with my phone?

I flashed shpongle rom 3-4 times now with full wipe. After 5 minutes of use I'm seeing crazy lags which I think is being caused by this type of situation:

u0_a0@android:/ $ free
total used free shared buffers
Mem: 371980 367248 4732 0 272
-/+ buffers: 366976 5004
Swap: 131064 110348 20716

There doesn't seem to be any memory management going on at all. I'm using 521 shpongle and 3.0.16 hellboy kernel. No mods or tweaks. Should I reflash the kernel maybe?

Thanks!!!