I experience exactly the same issue (memory exhausted) since the upgrade, although we have a memory limit of 128M, what should be enough.
Doing a quick search I find a large number of websites with the same error.
Do you have suggestions how to find the specific function which causes the error? (other than line 384 in wp-includes/functions.php)
The error fortunately only shows up in the backend, every call to admin-ajax.php results in a 500 error.