Well the first image shows that services.exe is the Parent and also shows the access is your local port, 12110, which is the port that ashMaiSv.exe listens on for pop3 email.
Description:
shell32.dll is a library which contains Windows Shell API functions, which are used when opening web pages and files.
So I would say that shell32.dll is a component that it has to use and that component may have been updated in the windows update, I don't know that for certain as I haven't applied that update yet. I tend to wait a little while until I see there is no adverse effect from installing the patch, eNewlsetters, etc.
All in all since it all relates to localhost 120110 I would think it is legit.
I would reboot and se if it pops-up again, if not look in the program/application control (or check out the help file of your firewall, possibly component control) and see if you can find anything about shared components, etc.