Just scrolling this pdf from start to finish, starting on page one. Look at how much memory uses Sumatra v3.2.12205 Git-43892bdbe:

4 Gb!
Sumatra v3.2 Git-4207ab7ab wasn't so 芦greedy禄:

Only 350 Mb. The same pdf on the same machine. I only changed the version of the Sumatra.
I am testing on Windows 8.1 x64 virtual machine (under Parallels Desktop on Mac OSX host).
Was just aggressive caching.
Unfortunately, it only got worse. Upon reaching 202 pages of the test document above Sumatra just hangs, eating about 281 mb. Win 7 x64 system, tested on the SumatraPDF-prerel-12315-64 assembly.
Ooops... Windows 8.1 x64

That was unrelated regression in logging that would lock up. Should be fixed now.
@kjk: Here's another report from the forum of a high res PDF that 3.1.2 could handle but seems to overwhelm 3.2+ (tested with SumatraPDF-prerel-13136-64 also), to such an extent that the entire system hangs and requires a hard reset. Link to sample file can be found in the forum thread. Anything that can be done to improve the situation in this case?
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Was just aggressive caching.