I'm seeing the same lockup - 40% left on SD Card, 2 hrs. indicated on battery - recorded about 23 mins.
RTL_TRAP:
2014-05-28 19:03:00
VER: Software Version 3.70
TRAP: 0x6E5D800F Out of memory, r0=not useful, r1=rtrn, r2=blk sz requested
STATUS: 0x00000000
EPC: 0x00000000
BADVADDR: 0x00000000
CAUSE: 0x00000000
I've not seen this dump in elog.txt before so that must be new with3.70.
My Elite still locks up with out of Memory notice After the Factory reset
Elite Only: Fixed issue with temperature sensor data
What Video Recording mode are you using?