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Just launched Armory, said there was a new version... so downloaded an installed 0.88.1, launched it and... nothing.
It'll start, run for a few seconds, then quits. No window, splash, pop-ups, nothing.

Armory require tons or RAM

I have 16GB of RAM, of which 10GB is free.
Would have thought that would be enough.

I think 16GB is not enough, that's why it crashes. The developer is trying to fix this, just wait.

I run it just fine with 8GB.

12GB here and *sometimes* it crashes

usually depending on how many million chrome tabs i have open and how many months it's been since i rebooted windows

For me it even still works with 4 gb. I just have to end all other services.

I'll second that. This little program uses  a ton of resources for some reason. I really do like it, but when it takes me a couple of days just to get it up and running starts to make me think of alternatives. I did think there would have been a newer/updated version by now but nothing yet.

Be patient. We are close. Armory is the safest wallet for normal users. I think you will not regret it if you try Armory again after the update to come.

You are running it on Mac OS X? Or Windows? You mention you had it running before, so it's Windows?

If it's Mac OS X:

Try launching it direct from an xterm:

imac: $ cd /Applications/Armory.app/Contents/MacOS
imac: MacOS$ ./Armory
./Armory: line 5: 41124 Segmentation fault: 11  bin/python armorybuild/ArmoryQt.pyc

Darwin imac.internal.com 11.4.2 Darwin Kernel Version 11.4.2: Thu Aug 23 16:25:48 PDT 2012; root:xnu-1699.32.7~1/RELEASE_X86_64 x86_64

Mac OS X Version 10.7.5 on a 2.7 GHz Intel Core i5, 32 GB RAM

It's a known problem. No solution as far as I know

If it's Windows: I  guess you could the equivalent from a cmd shell and note the error message

Windows 8. Yep, used to work.

Just tried the cmd line... absolutely nothing reported.

Found something in the system log, I highly doubt it's useful though:

Faulting application name: Armory.exe, version: 0.0.0.0, time stamp: 0x4918017b
Faulting module name: MSVCR90.dll, version: 9.0.30729.6871, time stamp: 0x4fee5fd5
Exception code: 0xc0000005
Fault offset: 0x000000000001eb58
Faulting process id: 0x236c
Faulting application start time: 0x01ceb32dbc0ff78a
Faulting application path: C:\Program Files (x86)\Armory\Armory Bitcoin Client\Armory.exe
Faulting module path: C:\Windows\WinSxS\amd64_microsoft.vc90.crt_1fc8b3b9a1e18e3b_9.0.30729.6871_none_08e717a5a83adddf\MSVCR90.dll
Report Id: f9dc5a43-1f20-11e3-bed3-b3f1323ecbdd
Faulting package full name:
Faulting package-relative application ID:

----

Fault bucket 88061050, type 4
Event Name: APPCRASH
Response: Not available
Cab Id: 0

Problem signature:
P1: Armory.exe
P2: 0.0.0.0
P3: 4918017b
P4: MSVCR90.dll
P5: 9.0.30729.6871
P6: 4fee5fd5
P7: c0000005
P8: 000000000001eb58
P9:
P10:

Attached files:
C:\Users\Paul\AppData\Local\Temp\WER370.tmp.WERInternalMetadata.xml

These files may be available here:
C:\Users\Paul\AppData\Local\Microsoft\Windows\WER\ReportArchive\AppCrash_Armory.exe_abdf3f4a8855c97060ca8a5768fca38af215b8f_1e0b09d9

Analysis symbol:
Rechecking for solution: 0
Report Id: f9dc5a43-1f20-11e3-bed3-b3f1323ecbdd
Report Status: 0
Hashed bucket: 344c16a80b0500e5ba6945f87cf7bb6f

Been using Electrum and never happier. I actually have access to my bitcoin in seconds.

Try reinstalling msvc9 64bit redist
That or dl and install the free msvc 2010 express (make sure to install 64bit binaries)