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The bug report does not really fit into this scenario, as it is clearly linked to mobile, has been fixed and occured in a very old version of Unity which we are not using. Also, we can't try out the workarounds from the thread because they don't apply to our setup.

We suggest on your Win7 machine you should try the 4GB-Tuning (BCDEDIT /Set IncreaseUserVa 3072) or PAE (BCDEdit /set PAE ForceEnable). We cannot help with the crashes on XP, though.

Also, we are preparing an update which allows you to reduce the scene cache size. That may help, too.

Just a little note. I found debug symbols for Unity3D and therefore was able to find out that it crashes in  crnd::crn_unpacker::unpack_dxt5

Fortunately, this code seems to be available on the net:
https://github.com/toji/webgl-texture-utils/blob/master/crunch/crn_decomp.h

bool unpack_dxt5(uint8** pDst, uint32 dst_size_in_bytes, uint32 row_pitch_in_bytes, uint32 blocks_x, uint32 blocks_y, uint32 chunks_x, uint32 chunks_y);

So pDst is an array of pointers that gets filled by the unpacker, some of them being possibly NULL because allocation failed, as you suspected. 
In line 

uint8* CRND_RESTRICT pRow = pDst[f];

there needs to be a check:
if (!pRow) return false;
to fix the crash. I can add it in assembly code, maybe the game then will at least shut down properly.

I will try the method to expand memory in the evening, nevertheless the memory management of the application should be able to trim the cache automatically in order to not hit the 2GB barrier imho. So I'm looking forward to the new version which supports reduced cache size.

I now tried it with 3GB usermode address space, and now was able to play it through. Wow, what a great game, thank you! :-)

It took approx 2.3GB of memory during playing, so we definitely hit the 2GB barrier. Nevertheless fixing missing null-pointer checks couldn't hurt, maybe file a bug report to Unity developers, now that the issue is nailed down to a function.