Files used are here. It's a big archive because it's a big part. STL and factory file included.
http://scifiwheels.com/images/M2Issues/Array.zip
The system is Win7 Pro 64, intel i7-3770, 64 gb RAM, terabyte RAID 1 array + SSD system volume, nvidia GTX 670 w/4 gb GDDR5.
S3D version installed is 3.0.1.
Start Simplify 3D. Import the STL model.
Allow S3D to automatically scale the part to millimeters.
Rotate about x, 90 degrees.
Center and Arrange.
Set up for PLA using the Makergear M2 latest single 24v hot end profile.
Change some settings -- what I did is in the factory file.
Save factory file.
Prepare to Print.
Results:
All system, CPU, and GPU fans immediately advance to 100% speed.
All eight CPU cores immediately peg to 100% utilization.
S3D displays message about parsing.
S3D says parsing is complete.
S3D says "Previewing file from line 1 to 8496244".
After a minute or so, S3D crashes hard with the attached system GPU memory error.

There's an easy workaround -- I just cut the number of parts in the array down to 20. But I thought I'd upload this for reference.
- ep