I see lots arp traffic when looking at the network through a sniffer.
When I look at my switch I see input drops but I can not catch them incrementing at the moment.
Looking at the cpu I see this for my input traffic.
sh process cpu | i ^PID|Input
8 66776 144034 463 0.39% 0.27% 0.30% 0 ARP Input
52 1804 109764 16 0.00% 0.00% 0.00% 0 Net Input
146 121096 799915 151 0.63% 0.66% 0.63% 0 IP Input
204 0 1 0 0.00% 0.00% 0.00% 0 Probe Input
205 172 525 327 0.00% 0.00% 0.00% 0 RARP Input
340 1032 197810 5 0.00% 0.00% 0.00% 0 IGMP Input
348 3432 96700 35 0.00% 0.01% 0.00% 0 HSRP Input