Just had this one happen outside of PE, specifically in the Xir'dak (or whatever it is called) Enclave in the werewolf forest. Exact error message I've been getting all along, but for the first time, not in PE.
"Not all those who wander are lost." J.R.R. Tolkien
I don't have this problem, but my GF who sits 5 foot from me does. Are you using 32-bit computers? I had to replace my 32-bit one with a 64-bit one last year when my comp died, but my GF still has a 32-bit one. Also I play Firefall a bit and they have the same problem with the 'Out Of Memory'. They said it was due to 32 bit computers ONLY and that they set all grapgics settings to HIGH temporarily for those with 32-bit. This seems to sort the problem, but can lead to severe lagging which may make the game unplayable anyways. Sorry I can't be much more help. Is something PWE are gonna have to sort out with their differentiation between the 32 and 64-bit programming.
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I run into this just about every time I change zones to PE. Confirmed because this occurs to me all too often now.
I'm getting this as well, right after entering the zone usually.