Mr RocketRod,
When you were experiencing the out of memory error, was your config tool refusing to update the business space? As I'm currently experiencing mine 'thinking' for a while then 'timing out' as it were.
How exactly did you upgrade the memory allocation? Just by going into Control Panel > Settings > General tab > Memory > and assigning the memory values there?
As I've upgraded mine to use 512MB for all options and I'm still experiencing the timeout issue. So I'm not sure if memory is my problem, or if I'm just assigning the memory wrong, or if I have a whole new problem.
Any help would be muchly appreciated.