thanks for your interest ...well I am quoting what it says - it gives me some recent lines executed in the console window and then 'memerror' possibly Blenders python API is slightly different from python itself I see there is a python exception MemoryError... most likely this is the equivalent and also using google I see other references to MemError or memerror
I'll have to get back here tomorrow its late now I will get the exact statement for you -- http://mail.python.org/mailman/listinfo/python-list